Ex-CEO of Sonali Bank (UK) censured over AML failings

Former chief executive of Sonali Bank (UK) Ltd Mohammed Prodhan would have been fined UK£76,400 for anti-money laundering management failures, in line with a UK Financial Conduct Authority Decision Notice of 16 May 2018, but "exceptional circumstances" mean, instead, that he was publicly censured through publication of his misconduct in a Final Notice on 16 November [2022], after he withdrew a referral of the matter to the Upper Tribunal.

Former chief executive of Sonali Bank (UK) Ltd Mohammed Prodhan would have been fined UK£76,400 for anti-money laundering management failures, in line with a UK Financial Conduct Authority Decision Notice of 16 May 2018, but "exceptional circumstances" mean, instead, that he was publicly censured through publication of his misconduct in a Final Notice on 16 November [2022] [1], after he withdrew a referral of the matter to the Upper Tribunal.