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Violation Tracker UK Individual Case

Company: ADM Investor Services International Limited
Current Parent CompanyArcher Daniels Midland
Parent at the Time of the Penalty Announcement: Archer Daniels Midland
Penalty: £6,470,600
Year: 2023
Date: 2 October, 2023
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: ADM Investor Services International was fined £6,470,600 for inadequate anti-money laundering systems and controls with outdated policies, basic risk assessments, and lack of periodic review. The firm accepted the FCA's findings for a 30% settlement discount.
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: agribusiness
Specific Industry of Parent: agribusiness
Source of Data(click here)