Gatehouse fined UK?1.58m in UK for CDD and monitoring breaches

Sharia-compliant bank Gatehouse, specialising in real estate services, is to pay a UK?1,584,100 (US$1,769,676) penalty for "serious shortcomings" around customer due diligence (CDD) and ongoing monitoring in the period 9 June 2014 to 5 July 2017.

Sharia-compliant bank Gatehouse, specialising in real estate services, is to pay a UK?1,584,100 (US$1,769,676) penalty for "serious shortcomings" around customer due diligence (CDD) and ongoing monitoring in the period 9 June 2014 to 5 July 2017.