Disciplinary outcome: Luanne Olawumi
Order by consent
In the matter of
Mrs Luanne Olawumi MAAT
Business name
Eclat Accountancy Ltd
Membership number
20227804
Date
29 September 2026
Misconduct
- she did not comply with her obligations under the Money Laundering Regulations, Specifically, she failed:
- To conduct regular reviews of her firm’s Anti-Money laundering policies, controls and procedures
- To maintain effective client identification and know-your-client documentation
- To apply effective customer due diligence verification procedures
- To issue adequate terms of engagement in accordance with paragraph 5 of AAT’s Client Care Policy.
Finding
By reason of the conduct set out in the Allegations above, Luanne Olawumi is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Reprimanded for a period of three years
- Fined £3,000
- Deemed ineligible to hold fellow member (FMAAT) status for a period of three years
- Warned about her future conduct
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.
