Plus500 released a statement on Friday giving more detail on the anti-money laundering checks that have led to account freezes this week and sent its share price into tail-spin. The update reveals that the UK's financial watchdog, the Financial Conduct Authority (FCA), is behind the whole thing. The Israel-based but London-listed trading company says the FCA told it back in January it needed an independent review of its anti-money laundering procedures. That review finished last Friday and the FCA was not happy with the findings. The regulator told Plus500 to stop everything until it had put in place stricter checks ... (full story)