Money Laundering: UK’s FCA Slams N4.1 Billion Fine On GT Bank

The United Kingdom subsidiary of GT Bank has been slapped a N4.1 billion fine (7.6 million pounds) on account of what the country’s financial watchdog assessed as failures in the bank’s anti-money laundering systems and controls. Reuters reported on Tuesday that the bank had paid the fine and it was the second of such sanctions … Continue reading Money Laundering: UK’s FCA Slams N4.1 Billion Fine On GT Bank