FCA fines Mako for failings relating to cum-ex trading

News Financial services Sanctions & Fines

Date: 18th Feb, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

"On February 18, 2025, the Financial Conduct Authority issued an update regarding FCA fines Mako for failings relating to cum-ex trading. The FCA fined Mako £1,662,700 for failing to ensure effective systems and controls against financial crime, citing a series of suspicious trades worth over £90 billion and red flags not identified in other instances."

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Financial Conduct Authority

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FCA fines Mako for failings relating to cum-ex trading

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FCA fines Mako for failings relating to cum-ex trading

Brief

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