Basic Search  |  Summaries  |  Advanced SearchPenalty: £7,671,800
Year: 2023
Date: 10 January, 2023
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Guaranty Trust Bank agreed to pay a £7,671,800 fine in settlement of finding by the FCA that the bank failed to undertake adequate customer risk assessments, often not assessing or documenting the money laundering risks posed by its customers.
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Nigeria
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking and asset management
Source of Data: (click here)