Disciplinary outcome: undefined undefined
Order by consent
In the matter of
Mr Peter Rushman MAAT
Membership number
8985
Date
25 June 2024
Misconduct
It is alleged that Peter Rushman, being a full member of the Association of Accounting Technicians ("AAT"), is guilty of misconduct in that:
1. From an unknown date until on or around 26 September 2022, 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 26 September 2022, 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 26 September 2022, whilst a full member of AAT, he did not carry out an adequate review of her Anti-Money laundering policies, controls and procedures.
4. From an unknown date until on or around 26 September 2022, whilst a full member, he did not comply AAT Clients’ Money Policy with Regulations in accordance with regulation (11) (31) and (33b).
5. From an unknown date until on or around 26 September 2022, whilst a full member of AAT, he provided Limited Assurance services outside the scope of his license.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
i. Fined £3,000
ii. Divested of FMAAT status for 3 years.
iii. Severe Reprimand to remain on file for 3 years.
Consent
Peter Rushman has agreed to submit to the decision of the Investigations Team in accordance with Regulation 6 of the Disciplinary Regulations.
