Archer Daniels Midland broker fined £6.5m for lax anti-money laundering controls

The brokerage arm of US food processing giant Archer Daniels Midland (ADM) has been fined nearly £6.5m for “inadequate” anti-money laundering controls. The watchdog said that the nature of the ADM Investor Services International‘s business and client base presented potentially high levels of risk because of its business model, geographical location of customers, and high-risk [...]