The Financial Conduct Authority (FCA) has ordered ADM Investor Services International Limited (ADMISI), a broker affiliate of Archer Daniels Midland, to pay almost £6.5m for serious financial crime control failings.
UK independent public spending watchdog, the National Audit Office (NAO), has launched an enquiry into the FCA’s effectiveness.
The Financial Conduct Authority (FCA) has further strengthened Anti-Money Laundering (AML) controls in the UK by introducing at the end of April a series of measures designed to reduce the risk of money laundering via the Post Office