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News Nuggets | 2 October: ADMISI to Pay £6.5M Fine; MetaTrader 5 Presents New Update

News Nuggets | 2 October: ADMISI to Pay £6.5M Fine; MetaTrader 5 Presents New Update
FCA Fines ADM Investor ServicesThe Financial Conduct Authority (FCA) has imposed a fine of £6,470,600 on ADM Investor Services International Limited (ADMISI) for significant shortcomings in its anti-money laundering (AML) systems. The broker's business model and client base, which included Politically Exposed Persons, posed a high risk of money laundering. Despite warnings from the FCA since 2014, ADMISI failed to improve its AML systems, leading to the fine. The firm has accepted the FCA's find... Read More
Posted: Oct 2 2023, 10:04
Author Name: financemagnates
Views: 112536

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