Top Four Banks Fined R125M Over Anti-Money Laundering Controls
JOHANNESBURG (Reuters) – South Africa’s Reserve Bank said on Wednesday it had had fined the country’s top four banks a total 125 million rand ($11.8 million) over lax anti-money laundering controls. The central bank said in a statement it had fined the South African unit of BarclaysAfrica Group 10 million rand, FirstRand 30 million rand, Nedbank 25 … Read more