FIC subjects McDan Group to anti-money laundering investigations
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McDan Group
The Financial Intelligence Centre (FIC), Ghana has launched an investigation into the finances of McDan Group in Accra.
A confidential letter seen by classfmonline.com, dated April 22, 2025, and addressed to McDan Group from FIC, explained, “Intelligence received by the FIC indicates that your outfit received and paid various sums of money to several entities between January 2020 and December 2024.”
Pursuant to Section 36 and 37 of the Anti-Money Laundering Act, 2020 (Act 1044), FIC requested McDan Group provided it the following particulars:
- All electronic fund transfers conducted by your outfit-from January 1, 2020 and December 31, 2024.
- Copies of cheques issued to third parties during the aforementioned period.
- The financial institutions used to make the payments in question.
“Kindly note that pursuant to Section 37(4) of Act 1044, a response within seven (7) days would be much appreciated,” the letter ended.
Source: classfmonline.com
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