👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

FinanceNews

CBN fines GTBank over failure in money laundering test, others

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.


👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

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.

Other Top Stories:

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

Check: JAMB Result

Check and Confirm: How much is Dollar to Naira today

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

 

📢 We are hiring writers!

Article Writing Jobs - We are hiring good freelance writers - Click here to apply

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment. . Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,. . All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA). . . The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.
. We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker