The Financial Intelligence Centre (FIC) of Ghana has formally requested detailed financial records from McDan Group as part of an ongoing money laundering investigation.
A letter dated April 22, 2025, and marked confidential, was sent to the Managing Director of McDan Group. It outlines that the FIC, acting under the Anti-Money Laundering Act, 2020 (Act 1044), has received intelligence suggesting the company made and received large sums of money to and from various entities between January 2020 and December 2024.
The FIC’s request falls under Sections 36 and 37 of Act 1044, which grants the authority to demand financial data for the purpose of investigating suspected financial crimes.
The letter specifically requests that McDan Group provide the following:
- All electronic fund transfers conducted between January 1, 2020, and December 31, 2024
- Copies of cheques issued to third parties during the same period
- Details of the financial institutions used for the payments
The FIC has asked the company to respond within seven days, as required by Section 37(4) of the Anti-Money Laundering Act.
The investigation is the latest in a series of high-profile financial probes led by the FIC under its current leadership.
The Centre has intensified its efforts to clamp down on potential financial misconduct, with McDan Group now joining the list of businesses and individuals under scrutiny.
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Source: 3news.com
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