Disciplinary outcome: Mohammed Ahmad

1. He failed to carry out and document a firm-wide money laundering risk assessment in accordance with Regulation 18 of the Money Laundering Regulations 2017.
2. He failed to regularly review his firm’s Anti-Money laundering policies, controls and procedures, and maintain a written record in accordance with Regulation 19 of the Money Laundering Regulations 2017.
3. He failed to carry out an adequate risk assessment and ongoing CDD in respect of one or more clients in accordance with Regulation 28 of the Money Laundering Regulations 2017.
4. He failed to have an adequate continuity of practice agreement in place in accordance with AAT’s Continuity of Practice Policy.
5. He failed to have a sufficient level of professional indemnity insurance cover in accordance with AAT’s Professional Indemnity Insurance (PII) Policy.

By reason of the conduct set out in the Allegations above, Mohammed Ahmad is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.

The Investigation Team orders that Mohammed Ahmad be:

1. Severely reprimanded for two years
2. Fined £3,500.00
3. Divested of FMAAT status for two years
4. Warned about his future conduct

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.