Disciplinary outcome: Paula Scott
Order by consent
In the matter of
Miss Paula Scott MAAT
Business name
N/A
Membership number
10055194
Date
14 May 2025
Misconduct
Allegation 1
From an unknown date until on or around 22 March 2024, whilst a full member of AAT, she failed to carry out an adequate firm-wide money laundering risk assessment.
Allegation 2
From an unknown date until on or around 22 March 2024, 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.
Allegation 3
For an unknown period up until on or around 22 March 2024, whilst a full member of AAT, she failed to have in place adequate Anti-Money Laundering policies, procedures, and controls.
Allegation 4
From an unknown date until on or around 22 March 2024, whilst a full member of AAT, she failed to carry out any or any adequate periodic review of her Anti-Money Laundering policies, procedures, and controls.
Allegation 5
From an unknown date until on or around 22 March 2024, whilst a full member of AAT, she failed to issue any of any adequate letters of engagement to one or more clients in accordance with AAT’s Client Care policy.
Allegation 6
On 20 June 2024, whilst a full of AAT, she failed to comply with paragraph 8.1.12. of AAT’s Licencing Regulations
Finding
By reason of the conduct set out in the Allegations above, Paula Scott is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
The Investigation Team orders that Paula Scott be:
1. Fined £2,000
2. Severely Reprimanded for 2 years
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.
