Disciplinary outcome: Murat Kurt

1. He he failed to carry out and/or document an adequate firm-wide money laundering risk assessment in contravention of Regulation 18 of the Money Laundering Regulations 2017.
2. He failed to carry out any or any adequate regular review of his Anti-Money Laundering policies, procedures, and controls in contravention of Regulation 21 of the Money Laundering Regulations 2017.
3. He he failed to carry out any or any adequate client due diligence and verification in respect of one or more clients in contravention of Regulations 27 and 28 of the Money Laundering Regulations 2017.
4. He failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients in contravention of Regulation 28 of the Money Laundering Regulations 2017.

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

The Investigation Team orders that Murat Kurt is:

1. Fined £3,000.00
2. Severely reprimanded for three years.
3. Removed from AAT fellow membership (FMAAT) status for three years.

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.