The scandal surrounding money laundering checks among trading firms deepened last night after one of the City’s largest outfits was stung by allegations it ‘dumbed down’ rules to win more customers. ETX Capital loosened its rules to make it easier for traders to join without having to submit passport details or face lengthy questions, a former insider told the Mail. This could be in breach of guidelines set down by the regulator, the Financial Conduct Authority (FCA).The whole spread-betting industry – one of the fastest-growing parts of the financial services sector – faces questions over the way it enforces money ... (full story)