Disciplinary outcome: Nicoleta Orosz
Order by consent
In the matter of
Mrs Nicoleta Orosz MAAT
Membership number
20115603
Date
7 November 2023
Misconduct
Nicoleta Orosz’s professional or personal conduct, was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public or was likely to undermine public confidence in the Association or its members; namely:
1. From 12 May 2021 until on or around 15 September 2022, whilst a full member of AAT, she failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
2. From 12 May 2021 until on or around 15 September 2022, whilst a full member of AAT, she failed to carry out and/or record an adequate firm-wide money laundering risk assessment.
3. From 12 May 2021 until on or around 15 September 2022, whilst a full member of AAT, she did not maintain an adequate written record of her Anti-Money laundering policies, controls and procedures.
4. From 12 May 2021 until on or around 15 September 2022, whilst a full member of AAT, she did not carry out an adequate review of her Anti-Money laundering policies, controls and procedures.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
Nicoleta Orosz is hereby:
i. Fined £1,500.
ii. Severe Reprimand to remain on the members records for a period of 2 years.
Consent
Nicoleta Orosz has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
