Disciplinary outcome: Nazma Patel

1. She failed to carry out an adequate firm-wide money laundering risk assessment.
2. She failed to carry out any or any adequate regular review of her Anti-Money Laundering policies, procedures, and controls.
3. She failed to carry out any or any adequate client due diligence in respect of one or more clients.
4. She provided services to the public without holding the required level of professional indemnity insurance.
5. She provided – or held herself out as providing – one or more services to the public without being appropriately licensed by AAT to do so, namely:
   • Personal income tax; and/or
   • Business income tax; and/or
   • Financial accounting and accounts preparation for sole traders and partnerships.

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

1. Fined £3,500.00.
2. Severely reprimanded for a period of three years.
3. Declared ineligible to hold AAT full membership (MAAT) for a period of three years.
4. Subject to a condition placed on her licence requiring removal of all information pertaining to unlicensed services from her firm’s website within two weeks of the Order of the Association.

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.