Browse Tag

Money laundering

GTBank

GTBank Admits To Money Laundering Failure, Loses $9.3 million

The United Kingdom’s Financial Conduct Authority (FCA) revealed on Tuesday that the UK subsidiary of Guaranty Trust Bank (GTBank) has an inadequate money laundering system. As a result, it fined GTBank £11 million, stating that the money laundering system of the financial
January 11, 2023
EFCC Chairman Abdulrasheed Bawa

EFCC: 90% of money laundering is through real estate sector

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has disclosed that 90 percent of money laundering is done through the real estate sector. The anti-corruption agency boss stated this while speaking on Channels TV’s Sunrise Daily on Tuesday morning.
June 15, 2021

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