Disciplinary outcome: Michael Rowlands
Order by consent
In the matter of
Mr Michael Rowlands MAAT
Membership number
10350765
Date
16 July 2023
Misconduct
Michael Rowlands 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 07 January 2022, whilst a full member of AAT, Michael Rowlands did not carry out an adequate review of his anti-money laundering policies, controls and procedures, and
2. From an unknown date until on or around 07 January 2022, whilst a full member of AAT, Michael Rowlands did not carry and/or record an adequate out a firm-wide money laundering risk assessment, and
3. From on or around September 2020 until on or around 07 January 2022, whilst a full member of AAT, Michael Rowlands provided company secretarial 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
Michael Rowlands is hereby:
i. Fined £1,500
ii. Severe Reprimand, to remain on the members record for a period of four (4) years.
iii. Deemed ineligible to apply for AAT fellow member status whilst the severe reprimand is live.
Consent
Michael Rowlands has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
