A South African regulator has imposed a reduced penalty of 400,000 South African rands (Sh2.7 million or $27,000) on the local unit of India’s Bank of Baroda for non-compliance with certain provisions of the Financial Intelligence Centre Act (FIC).
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
- Unlimited access to all premium content
- Uninterrupted ad-free browsing experience
- Mobile-optimized reading experience
- Weekly Newsletters
- MPesa, Airtel Money and Cards accepted