MT Global penalised with USD 32 mln over anti-money laundering failures

Friday 8 January 2021 10:09 CET | News

Britain’s tax authority has fined MT Global, a private money services business, with USD 32.4 million for significant breaches of anti-money laundering regulations.

Her Majesty’s Revenue and Customs (HMRC) had penalised the company for failures in carrying out risk assessments, its policies, controls and procedures, due diligence, and record keeping.

According to Fcced, calls to MT Global’s office in Luton, about 35 miles north of London, went unanswered.

More: Link

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Keywords: MT Global, AML, fine, financial crime, UK, Majesty’s Revenue and Customs, HMRC, due diligence, record keeping, payments
Categories: Fraud & Financial Crime
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime