Central Bank of Nigeria (CBN) fines Guaranty Trust Bank (GTBank) N128.6 million for failing to meet several regulatory requirements.Information Guide Nigeria

According to RIPPLES NIGERIA, they gathered that CBN fined GTBank for offences relating to failure in the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) examination.

GTBank was also penalised for infractions relating to CBN Prospective Employee Clearance Review, Consumer Protection Review, failure in the Risk Asset Examination and CBN Review infraction.

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A statement breakdown in the lender’s financial record for the full year 2022 shows that GTBank was fined N20 million for failing the 2021 Risk Asset Examination.NYSC Portal

Led by Miriam Olusanya, the bank also received a fine of N21.25 million for failing the 2021 Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) examination.

According to RIPPLES NIGERIA, GTBank also lost N10 million due to an infraction relating to the 2021 CBN Prospective Employee Clearance Review and another N10 million was lost to a fine relating to Consumer Protection Review in 2022.

The list of sanctions included N67.35 million for CBN Review infraction, the statement seen by this publication showed, taking the total fine to N128.60 million, RIPPLES NIGERIA reports.JAMB Result

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