The Financial Conduct Authority (FCA) has fined investment manager TJM Partnership £2,038,700 for failing to identify and reduce the risk of financial crime and money laundering in its business.
The FCA revealed that TJM did not had the adequate procedures, systems, and controls to mitigate the risk of being used to facilitate fraudulent trading and money laundering between January 2014 and November 2015.
Trading executed by TJM in this period displayed characteristics suggestive ...
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