South African Reserve Bank Imposes Fines on SocGen, Absa
Source: BFW (Bloomberg First Word)
Tickers
BGA SJ (Barclays Africa Group Ltd)
GLE FP (Societe Generale SA)
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UUID: 7947283
(Bloomberg) -- Central bank fines Societe Generale, Absa after identifying weaknesses in anti-money laundering, combating of financing or terrorism control measures, SARB says in statement on website.
Alert: HALISTER1- Societe Generale fined 2m rand, Absa fined 10m rand
- “Societe Generale and Absa are cooperating with the SARB and have taken measures to address the identified compliance deficiencies and control weaknesses”
- Administrative sanctions follow SARB inspections in terms of Financial Intelligence Centre Act
Source: BFW (Bloomberg First Word)
Tickers
BGA SJ (Barclays Africa Group Ltd)
GLE FP (Societe Generale SA)
To de-activate this alert, click here
UUID: 7947283