Disciplinary outcome: Kevin Bennett
Order by consent
In the matter of
Mr Kevin Bennett MAAT
Business name
Olive Pine Accountancy Limited
Membership number
2941
Date
06 April 2025
Misconduct
Allegation 1
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to carry out an adequate firm-wide money laundering risk assessment.
Allegation 2
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to document your Anti-Money Laundering policies, procedures, and controls.
Allegation 3
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to carry out any or any adequate periodic review of your Anti-Money Laundering policies, procedures, and controls.
Allegation 4
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to carry out an adequate risk assessment and ongoing monitoring in respect of one or more clients.
Allegation 5
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to register a connected entity for Anti-Money Laundering supervision.
Allegation 6
From an unknown period until on or around 02 November 2023, whilst a member of AAT, he failed to have a Continuity of Practice agreement documented in writing.
Finding
By reason of the conduct set out in the Allegations above, Kevin Bennett is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
The Investigation Team orders that Kevin Bennett be:
1. Fined £5,000
2. Severely Reprimanded for 5 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.
