Disciplinary outcome: Antony Doherty

1. He failed to receive and/or hold clients’ money in accordance with AAT’s Clients’ Money policy.
2. He improperly received clients’ money into his overdrawn office bank account and applied these monies towards the operation of his business.
3. He failed to have in place adequate Anti-Money Laundering policies, procedures, and controls.
4. He failed to carry out adequate client due diligence and ongoing monitoring in respect of one or more clients.
5. He failed to have in place adequate Anti-Money Laundering training for staff members and/or sub-contractors.
6. He failed to have in place any or any adequate continuity of practice agreement.
7. He failed to issue adequate letters of engagement to one or more clients.
8. He provided services to the public without holding the required level of professional indemnity insurance.

By reason of the conduct set out in the Allegations above, Antony Doherty is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.

The Investigation Team orders that Antony Doherty be:

1. Fined £5,000.00
2. Expelled from membership of the Association for a period of five years.

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.