Disciplinary outcome: Phil Bradley
Order by consent
In the matter of
Mr Phil Bradley MAAT
Membership number
20077107
Date
27 November 2024
Misconduct
Phil Bradley’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. He failed to comply with his obligations under the relevant Money Laundering Regulations while providing accountancy services to the public, specifically:
1.1 For an unknown period up until on or around 04 August 2023, he failed to carry out any or any adequate risk assessment and ongoing monitoring in respect of one or more clients and/or
1.2 For an unknown period up until on or around 04 August 2023, he failed to carry out any or any adequate ID verification procedures in respect of one or more clients and/or
2. For an unknown period up until on or around 04 August 2023, he failed to have in place any or any adequate arrangements for Continuity of Practice and/or
3. For an unknown period up until on or around 04 August 2023, he failed to have in place any or any adequate Professional Indemnity Insurance coverage.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations Team's powers under the Disciplinary Regulations.
Order
Phil Bradley is hereby:
i. Fined £2500
ii. Severely Reprimanded for a period of 24 months (2 years)
Consent
Phil Bradley has agreed to submit to the decision of the Investigations Team in accordance with Regulation 5.3 of the Disciplinary Regulations.
