Tag: GT Bank

GT Bank fined for anti-money laundering issuesF
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January 11, 2023

FCA Fined Guaranty Trust Bank £7,671,800 For Anti-Money Laundering Issues!

According to the FCA announcement, GT Bank failed to undertake adequate customer risk assessments, often not assessing or documenting the money laundering risks posed by its customers. The bank also failed to monitor customer transactions and business relationships to the required standard. These weaknesses were repeatedly highlighted to GT Bank by internal and external sources, including the FCA, but GT Bank failed to take appropriate action.
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GrandCapital and SerenityPay on FintelegramA
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October 11, 2022

Alert! Russian-Controller GrandCapital And GC Option Still Attack European Consumers!

FinTelegram published its initial review of the GrandCapital broker scheme in April 2022. We uncovered that offshore brokers GrandCapital and GC Option are controlled by Russian individuals and operated through various offshore entities in St. Vincent & The Grenadines, Seychelles, South Africa, Nigeria, and Namibia. Currently, GrandCapital is celebrating its 16th anniversary and aggressively promoting its offering in Europe and North America without proper authorization. Stay away!
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GrandCapital and SerenityPay on FintelegramO
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April 26, 2022

Offshore Radar! Unauthorized Russian GrandCapital and their brands!

The discovered facts suggest that offshore brokers GrandCapital and GCOption from St. Petersburg in Russia operated through various offshore entities. GrandCapital, which operates illegally without authorization, was accepted as a member of The Financial Commission in 2016. In our initial review, we discovered that the GrandCapital group was also behind the (no longer licensed) Estonian crypto payment processor SerenityPay a/k/a Serenity Financial.
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