Compliance & Anti-Financial Crime
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AML, UK

FCA fines investment firm TJM £2M for anti-money laundering failures

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority has hit an investment firm with a £2M fine for anti-money laundering failures. 

TJM Partnership Limited, which is now in liquidation, was fined £2,038,700 for “failing to ensure it had effective systems and controls to identify and reduce the risk of financial crime and money laundering in its business.”

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