ADM Investor Services International Limited fined £6.5m for AML failings

The FCA has fined futures broker ADM Investor Services International Limited (ADMISI) £6,470,600 ($7.86m) for inadequate AML systems and controls.

The regulator said that the nature of ADMISI’s business and client base presented potentially high levels of money-laundering risk. In particular, it said it was because of:

• ADMISI’s business model;