The UK subsidiary of Nigeria’s Guaranty Trust Bank (GT Bank) has been fined £7.6m ($9.3m) by the Financial Conduct Authority (FCA) for further failures in its anti-money laundering systems and controls, after previously receiving a fine for similar failures in 2013. Despite the previous fines and warnings, the bank failed to take appropriate action to fix the issues, according to the FCA. GT Bank did not dispute the findings and agreed to settle, which made it eligible for a 30% discount on the fine.