Tag: Sonali Bank (UK) Limited

fca fine
December 04, 2018 BY Valentina Kirilova

FCA fines a former CEO of Sonali Bank £76,400

The Financial Conduct Authority (FCA) has just announced that it has fined Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK), £76,400 for being knowingly concerned in a breach by SBUK of its obligations to maintain effective anti-money laundering (AML) systems. This is not the first time the regulator takes action…

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October 12, 2016 BY Valentina Kirilova

FCA imposes penalties on Sonali Bank (UK) Ltd and its former money laundering reporting officer

The Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank’s former money laundering reporting officer (MLRO), Steven Smith, £17,900 and prohibited him from performing the MLRO or compliance oversight functions…

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