Disciplinary outcome: Peter Boardman

Order by consent

In the matter of

Peter Boardman MAAT

Membership number

7879944

Date

11 September 2023

Misconduct

Peter Boardman’s conduct was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public and/or undermine public confidence in the Association and its members as follows:
1. For an unknown period up until on or around 27 March 2023, he did not comply with his obligations under the Money Laundering Regulations in force while providing accountancy services on a self-employed basis. Specifically, he failed to:
a. apply to AAT for approval of beneficial owners, officers, or managers for Juler Tooke
b. carry out a firm-wide risk assessment 
c. have in place adequate anti-money laundering policies or procedures 
d. document a risk assessment for new clients
e. verify the identity of one or more clients
f. carry out any or any adequate ongoing client due diligence
g. undertake regular anti-money laundering training
h. carry out a review of his anti-money laundering controls and procedures
2. For an unknown period up until on or around 27 March 2023, he failed to issue a letter of engagement to one or more clients in full compliance with AAT’s Client Care Policy
3. For an unknown period up until on or around 10 August 2022 he provided Limited Assurance Engagement whilst not licensed to do so
4. For an unknown period up until on or around 18 July 2022, he failed to hold clients’ money in full compliance with AAT’s Clients’ Money Policy

Finding

Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.

Order

Peter Boardman is hereby:
1. Reprimanded for a period of two years 
2. Deemed ineligible to hold fellow membership status for a period of two years 
3. Fined £1,500
4. Warned about his future conduct.

Consent

Peter Boardman consented to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.