FCA imposes £2 million fine on The TJM Partnership Limited
The FCA has imposed a £2 million fine on The TJM Partnership Limited for financial crime control failings in relation to cum-ex trading.
The FCA has imposed a £2 million fine on The TJM Partnership Limited for financial crime control failings in relation to cum-ex trading.
The FCA imposes a £642,400 fine on Sunrise Brokers LLP for serious financial crime control failings in relation to cum-ex trading.
This is the first FCA case in relation to cum/ex trading, dividend arbitrage and withholding tax (WHT) reclaim schemes.