Bank CEO refers £76k fine for AML failings to Upper Tribunal

By Neasa MacErlean

A former bank CEO, who held overall responsibility for his firm’s AML systems, has appealed a £76,400 fine from the Financial Conduct Authority to the Upper Tribunal. Mohammad Ataur Rahman Prodhan, previously chief executive officer of Sonali Bank (UK) Limited, and the FCA will present their respective cases to the tribunal, which will determine the appropriate action and remit it back to the regulator.