Disciplinary outcome: Jonathan French
Order by consent
In the matter of
Mr Jonathan French MAAT
Business name
Corebase
Membership number
10257877
Date
30 September 2026
Misconduct
- For an unknown period until on or around 28 July 2025 he failed to document anti-money laundering policies, controls and procedures in breach of Regulation 19 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until on or around 28 July 2025 he failed to record adequate customer due diligence (know your client) documentation regarding client identification in respect of one or more clients, in breach of Regulation 28 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until or around 28 July 2025 he failed to demonstrate adequate customer due diligence measures including effective verification procedures for one or more clients, in breach of Regulation 28 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until or around 28 July 2025 he failed to carry out and/or document ongoing monitoring in respect of one or more existing clients in breach of Regulation 28(11) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
- For an unknown period until or around 28 July 2025 he failed to maintain professional competence through continuing professional development (CPD) and/or provide evidence of such compliance, in breach of AAT’s CPD Policy.
- For an unknown period until or around 28 July 2025 he failed to provide an adequate engagement letter to one or more clients, in breach of AAT’s Client Care Policy.
Finding
By reason of the conduct set out in the Allegations above, Jonathan French is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Severely reprimanded for a period of three years.
- Fined £4,500.00.
Consent
The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.
