The Financial Conduct Authority has today fined Citigroup Global Markets Limited £12.5m for failing to properly implement the Market Abuse Regulation (MAR) requirements.

The FCA has fined discretionary investment manager TJM Partnership Limited £2 million for “serious financial crime control failings.” 

The FCA and PRA have dropped plans to ban and fine a former CEO - accused of paying his wife excessive sums to avoid tax - following a damning Upper Tribunal judgment.

An Isle of Man-based wealth management and tax advice firm, AML Tax (UK) Limited, has been fined £150,000 for failing to provide HMRC with legally required information.