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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...
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Posted: Oct 2 2023, 10:04
Author Name: financemagnates
Views: 112536