Guaranty Trust Bank (GTBank) was fined N128.6 million by the Central Bank of Nigeria (CBN) for failing to meet several regulatory requirements.
Ripples Nigeria gathered that CBN fined GTBank for offences relating to failure in the Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) examination.
The financial institution 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.
