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ANALYSIS: The ‘Cumex Files’: A round-up of the ‘biggest tax heist in history’ as Britain’s Financial Conduct Authority (FCA) hands €752K fine

Image courtesy correctiv.org

By Dan Byrne for AMLi

News of the latest casualty in the long-running cum-ex trading fraud case emerged last week.

British broker Sunrise LLP was handed a £642,400 (approx. €752k) fine by the Financial Conduct Authority (FCA) for processing transactions that their AML systems should have flagged as potentially fraudulent.

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