Disciplinary outcome: David Taylor
Order by consent
In the matter of
Mr David Taylor MAAT
Membership number
10028644
Date
27 August 2024
Misconduct
David Taylor’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:
- From an unknown date until on or around 28 March 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.
- From an unknown date until on or around 28 March 2023, whilst a full member of AAT, he did not carry out an adequate review of his Anti-Money laundering policies, controls and procedures.
- From an unknown date until on or around 28 March 2023, whilst a full member, he did not comply with AAT Clients’ Money Policy in accordance with regulation (9a) and (11).
- From an unknown date until on or around 28 March 2023, whilst a full member of AAT, he provided Limited Assurance services outside the scope of his licence.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Order
David Taylor is hereby:
- Fined £3,000.00
- Divested of FMAAT status for three years
- Severely Reprimanded for three years
Consent
David Taylor has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
