Financial Crime Financial Crime

Ghana International Bank latest to be fined by UK watchdog for financial-crime failings

By Martin Coyle
  • 23 Jun 2022 11:59
  • 23 Jun 2022 11:59
Ghana International Bank has become the second UK firm in two days to be handed a multimillion-pound fine by the financial markets regulator over poor financial-crime controls.
The Financial Conduct Authority fined the London-based lender 5.8 million pounds ($7 million) today for breaches of the UK’s money laundering regulations. It

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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