Disciplinary outcome: Steven Bowers
Order by consent
In the matter of
Mr Steven Bowers MAAT
Business name
SWB Business Solutions Limited
Membership number
10076404
Date
07 August 2026
Misconduct
- He failed to adequately document risk assessments and customer due diligence for one or more clients; and ongoing monitoring and ongoing customer due diligence in respect of one or more clients, contrary to Regulation 28 of the Money Laundering Regulations 2017.
- He failed to maintain the minimum level of professional indemnity insurance (PII) cover, contrary to paragraph 5.2 of AAT’s PII Policy.
- He failed to have a written continuity of practice agreement in place, contrary to paragraph 5.4 of AAT’s Continuity of Practice Policy.
Finding
By reason of the conduct set out in the Allegations above, Steven Bowers is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
The Investigation Team orders that Steven Bowers be:
- Severely reprimanded for two years.
- Fined £2,000
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.
