Bank heavily fined by FCA for failings in money-laundering controls
August 13, 2013
A London-based bank has been heavily fined by the Financial Conduct Authority (“FCA”) for failures relating to its anti-money-laundering controls. Guaranty Trust Bank Ltd (“GTB”) was fined over £500,000 by the FCA earlier this month for numerous and systematic failures to put in place procedures to monitor the risk that
