Request a Demo Today

Release Date: 15th July 2022

To access the original FCA document, click here.


The Financial Conduct Authority (FCA) fined The TJM Partnership Limited (TJM), now in liquidation, £2,038,700 on 15 July 2022 for breaching regulatory requirements between 29 January 2014 and 25 November 2015. This penalty includes £1,198,277 in disgorgement. The FCA found that TJM failed to have adequate systems and controls to prevent fraudulent trading and money laundering, particularly in relation to business introduced by the Solo Group, and did not exercise due skill, care, and diligence in applying its anti-money laundering (AML) policies.

Key Takeaways for Other Firms:

Summary of Findings:

In conclusion, the FCA’s action against TJM highlights the critical importance of maintaining robust AML systems, conducting thorough due diligence, and monitoring transactions diligently. Firms must ensure that they recognise and address red flags promptly to protect the integrity of the financial system and avoid significant penalties.

Back to the Dear CEO letter archives.