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NEWS: UK’s FCA fines Sigma Broking £530K (€605.8K) and bans former directors over reporting failures

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Alisha Houlihan for AMLi

Britain’s financial watchdog, the Financial Conduct Authority (FCA) has hit Sigma Broking Limited (Sigma) with a £531K (€606.8K) fine for a series of reporting failures. 

Additionally, three former directors have each been fined over £200K (€203K) with two of whom have been barred from the involvement in the industry.

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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