Disciplinary outcome: Amanda Weller

1. She did not comply with her obligations under the Money Laundering Regulations in force while providing accountancy and/or related services on a self-employed basis. Specifically, she failed to:
   a. apply to AAT for approval of a beneficial owner, officer, or manager for A T Weller; and/or 
   b. have in place any documented anti-money laundering (AML) policies and procedures; and/or 
   c. conduct a regular compliance review of her firm’s AML policies, controls, and procedures; and/or 
   d. perform an AML risk assessment for new and existing clients; and/or  
   e. perform ongoing client due diligence for one or more existing clients.
2. She failed to hold clients’ money in a client bank account separate from the firm’s bank account as is required under AAT’s Clients’ Money Policy. 
3. She failed to maintain an adequate record of continuing professional development (CPD) activities undertaken as is required under AAT’s CPD Policy.
4. She failed to maintain the minimum level of professional indemnity insurance (PII) cover as set out in paragraph 5 of AAT’s PII Policy. 
5. She submitted a licence renewal application wherein she answered “Yes” to the following statements:
   a. “I am complying with my obligations under the Money Laundering Regulations in force and will comply with any anti-money laundering legislation (as it comes into force) in the exercise of providing accountancy services as an external accountant”
   b. “I will comply with AAT’s CPD Policy and will retain my CPD records for AAT’s review for a period of at least five years”
   c. “I understand that all clients' money must be held in a client bank account and if I do hold clients' money, I will comply with my obligations under AAT's Clients' Money Policy”.
6. Her conduct at Allegation 5 above was misleading.

By reason of the conduct set out in the Allegations above, Amanda Weller is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association. 

Amanda Weller is hereby:

1. Severely reprimanded for a period of three years 
2. Fined £4,000
3. Deemed ineligible to hold fellow member (FMAAT) status for a period of four years 
4. Warned about her future conduct.
    

The decision of the Investigations Team shall stand as Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.