Secret allotment of client reimbursements; 6 months professional disqualification

24 November 2017
Verdicts Disciplinary Committee
Professional ban

Defendant processed failed PIN machine transactions by clients. In this capacity, defendant was mandates to reimburse clients for amounts lost and allot financial compensation. Defendant transferred allotments meant for customers to herself and her partner, for a total of €3,000. By doing so, defendant secretly gave people’s money to a third party, while knowing this was not allowed. The Disciplinary Commission deems it unlikely that defendant’s actions stemmed from her obsessive-compulsive disorder, as defendant testified in her own defense. Defendant operated in gross violation of ethical rules and the Disciplinary Code of the Banker’s Oath. The Disciplinary Commission imposed a 6 months professional disqualification.