Business News of Thursday, 8 April 2021Source: www.ghanaweb.comChief Manager at the central bank’s Supervision Department, Philip Danso has said it has begun investigations into money transfer breaches taking place among banks and other financial institutions. According to him, a wide range of steps are being undertaken to ascertain every paper trail that is related to the money transfer breaches. In an interaction with the B&FT newspaper monitored by GhanaWeb, Philip Danso warned that offenders that are caught up in such infractions will be severely sanctioned. “What I know is that, for now, stakeholder institutions are investigating a lot of transactions which involve money transfer. He assured that, “The Financial Intelligence Centre and Ghana Revenue Authority, with leadership from the Bank of Ghana, are looking at all these infractions.

Source: GhanaWeb April 08, 2021 11:26 UTC