Disciplinary outcome: Philip Rowberry
Order by consent
In the matter of
Mr Philip Rowberry MAAT
Membership number
10069353
Date
23 June 2024
Misconduct
Philip Rowberry’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. From an unknown date until on or around 01 September 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.
2. From an unknown date until on or around 01 September 2023, whilst a full member of AAT, he did not review your Anti-Money laundering policies, controls and procedures.
3. From an unknown date until on or around 01 September 2023, whilst a full member of AAT, he did not comply with AAT Clients’ Money Policy with Regulations in accordance with regulation (10) and (28).
4. From 31 March 2020 until on or around 14 September 2023, whilst a full member of AAT, he did not have sufficient Professional Indemnity Insurance (PII) in accordance with AAT’s Professional Indemnity Insurance policy.
Finding
Grounds for disciplinary action existed and the matter was suitable for exercise of the Investigations team's powers under the Disciplinary Regulations.
Order
Philip Rowberry is hereby:
i. Fined £3,000.
ii. Severe Reprimand for a period of 2 years.
iii. Divested of FMAAT status for 2 years.
