UK watchdog fines Ghana International Bank for poor controls

FCALONDON, June 23 (Reuters) - Britain's Financial Conduct Authority (FCA) has fined Ghana International Bank (GHIB) 5.8 million pounds ($7.1 million) for failings in its anti-money laundering controls.

The FCA said the bank provided correspondent banking services to other lenders, allowing them to provide products and payment services they would otherwise be unable to provide.

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