UK fines GTBank for ‘money laundering system failures’
UK fines GTBank for ‘money laundering system failures’,
The United Kingdom- based financial watchdog, Financial Conduct Authority, has fined the British subsidiary of Nigeria’s Guaranty Trust Bank 7.6 million pounds ($9.3 million). According to a statement by the body on Tuesday, the FCA said the fine was imposed due to the failures in GTBank’s anti-money laundering systems and controls. Citing the statement, Reuters
,
The United Kingdom- based financial watchdog, Financial Conduct Authority, has fined the British subsidiary of Nigeria’s Guaranty Trust Bank 7.6 million pounds ($9.3 million). According to a statement by the body on Tuesday, the FCA said the fine was imposed due to the failures in GTBank’s anti-money laundering systems and controls. Citing the statement, Reuters
, , Victoria Edeme, {authorlink}, https://punchng.com/uk-fines-gtbank-for-money-laundering-system-failures/, https://rss.punchng.com/v1/category/latest_news, Punch Newspapers – Latest News,
, , Latest Feed, 6, January 10, 2023, 12:49 pm
APC, PDP disagree on Adeleke’s 100-day achievements