ADM Investor Services International fined UK£6.5m for AML risk, EDD, monitoring faults

A London brokerage dealing in energy, metals, foreign exchange and other markets must pay UK£6,470,600, which includes a 30% discount for cooperation, after the UK Financial Conduct Authority discovered it had not properly remediated anti-money laundering systems and control failings.

A London brokerage dealing in energy, metals, foreign exchange and other markets must pay UK£6,470,600, which includes a 30% discount for cooperation, after the UK Financial Conduct Authority (FCA) discovered it had not properly remediated anti-money laundering systems and control failings. [1]