Disciplinary outcome: Samuel Hurst
Order by consent
In the matter of
Mr Samuel Hurst MAAT
Business name
Accumulus Accountancy (Head Office) Limited, Accumulus Accountancy Ltd, Accumulus Accounting Ltd and Orange Accounting Limited
Membership number
20184158
Date
25 June 2026
Misconduct
- He failed to carry out any or any adequate regular review of his Anti-Money Laundering policies, procedures, and controls in contravention of Regulation 21 of the Money Laundering Regulations 2017.
- He failed to carry out any or any adequate client due diligence and verification in respect of one or more clients in contravention of Regulations 27 and 28 of the Money Laundering Regulations 2017.
- He failed to carry out adequate ongoing monitoring in respect of one or more clients in contravention of Regulation 28 of the Money Laundering Regulations 2017.
- He to provide adequate Anti-Money Laundering training for staff members and/or sub-contractors in contravention of Regulation 24 of the Money Laundering Regulations 2017.
- He failed to ensure his professional indemnity insurance (PII) policy coverage met the minimum level stipulated in Paragraphs 5.2 and 5.3 of AAT’s Professional Indemnity Insurance (PII) Policy.
Finding
By reason of the conduct set out in the Allegations above, Samuel Hurst is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Reprimanded for two 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.
