Disciplinary outcome: Andrew Bowtle
Order by consent
In the matter of
Mr Andrew Bowtle MAAT
Membership number
6248636
Date
13 August 2024
Misconduct
Andrew Bowtle’s professional or personal conduct, was found to be in breach of the Code of Professional Ethics and to have posed a risk to the public or was likely to undermine public confidence in the Association or its members; namely:
1. From an unknown date until on or around 20 October 2023, whilst a full member of AAT, he failed to carry out and/or record an adequate firm-wide money laundering risk assessment.
2. From an unknown date until on or around 20 October 2023, whilst a full member of AAT, he failed to apply adequate risk-based due diligence and ongoing monitoring measures in respect of one or more clients.
3. From an unknown date until on or around 20 October 2023, whilst a full member of AAT, he did not carry out an adequate review of his Anti-Money laundering policies, controls and procedures.
4. From an unknown date until on or around 20 October 2023, whilst a full member, he did not have adequate anti money laundering training in place for your relevant employees.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
Andrew Bowtle is hereby:
i. Fined £2,500
ii. Severe Reprimand for 2 years
Consent
Andrew Bowtle has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
