Mako Financial Markets Partnership LLP

The FCA fined Mako Financial Markets Partnership LLP £1,662,700 after finding that between 16 December 2013 and 16 November 2015 the firm did not have, and did not adequately apply, policies and procedures to identify and address the risk of being used to facilitate financial crime and money laundering in relation to business introduced by the Solo Group. The regulator concluded Mako breached Principle 2 (firms must act with due skill, care and diligence) and Principle 3 (firms must take reasonable care to organise and control their affairs responsibly and effectively). Mako agreed to resolve all issues of fact and liability; the FCA's action took effect on 17 February 2025 and is set out in the Final Notice linked below.