Disciplinary outcome: Paul Charles
Order by consent
In the matter of
Mr Paul Charles FMAAT
Business name
Beechlands Accountancy Services Limited
Membership number
6248873
Date
06 May 2025
Misconduct
- For an unknown period up until on or around 27 September 2023, you failed to have in place adequate Anti-Money Laundering policies, procedures, and controls.
- For an unknown period up until on or around 27 September 2023, you failed to have adequate procedures in place for reporting discrepancies in registers.
- For an unknown period up until on or around 27 September 2023, you failed to carry out adequate reviews of your Anti-Money Laundering policies, procedures, and controls.
- From an unknown date until on or around 27 September 2023, you did not have adequate anti money laundering training in place for your relevant employees.
- From an unknown date until on or around 27 September 2023, you failed to apply adequate risk based due diligence and ongoing monitoring measures in respect of one or more clients.
Finding
By reason of the conduct set out in the Allegations above, Paul Charles is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
Paul Charles is hereby:
- Fine £5,000
- Severely Reprimanded, for a period of two years
- Removed of his fellow membership for a period of two years
- Submitted to a practice assurance reviewed at his own expense
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.
