By Huw Jones
Britain’s Financial Conduct Authority (FCA) said on Monday it had fined commodities services broker ADM Investor Services International Limited 6.47 million pounds ($7.88 million) for “inadequate” anti-money laundering systems and controls.
The FCA said the nature of the company’s business and client base presented potentially high levels of money laundering risk because of its global spread of activities and clients that included higher risk so-called politically exposed persons.
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