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Thursday / August 22.

UK authorities investigate Qatar-owned bank over money laundering controls


Author: 
daniel fountain
ID: 
1566505674537013200
Thu, 2019-08-22 23:30

LONDON: A British bank owned by Qatar and linked to Islamist organizations is under investigation over its money laundering controls.
The probe into A Rayan by the UK’s Financial Conduct Authority (FCA) was launched last year and earlier this year the bank has been restricted on who it can open deposit accounts for.
The details of the investigation have surfaced weeks after it was reported the bank was providing financial services to numerous organizations linked to Islamist groups.

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via AN