FIC subjects McDan Group to anti-money laundering investigations

The Financial Intelligence Centre (FIC) in Ghana has launched an investigation into McDan Group.

A confidential letter, dated April 22, 2025, was sent to McDan Group. The letter states that FIC received intelligence about financial activities. It mentions that McDan Group received and paid various sums of money from January 2020 to December 2024.

Under the Anti-Money Laundering Act, FIC requested specific information from McDan Group. They asked for all electronic fund transfers from January 1, 2020, to December 31, 2024.

FIC also requested copies of cheques issued to third parties during this period. Additionally, they asked for details on the financial institutions used for these payments.

The letter concluded by requesting a response within seven days as per Section 37(4) of Act 1044.