January 10, 2023 BY Steffy Bogdanova

FCA fines Guaranty Trust Bank (UK) £7.6 million for AML failures

In the beginning of 2018, GT Bank stopped taking on new customers. Given the FCA’s concerns, the bank agreed to wider voluntary restrictions on business later the same year. These additional requirements remained in place until mid-2021. They were lifted then GT Bank remediation plan, which was checked by an independent third party. The FCA…

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