SA banks fined by Mozambique for being lax in preventing money laundering
10 November 2019 - 17:03
Mozambique’s central bank has fined South African banks a total of R13m for shortcomings in their antimoney-laundering and terrorism financing controls.
The administrative fines, which have become common throughout the world since the 2001 attacks in the US, come as Mozambique grapples with a storm of terrorist attacks in its northern province of Cabo Delgado that have left 100 people dead...
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