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| Exchange Received Time 06/06/2018 15:43:26 Exchange Disseminated Time 06/06/2018 15:43:32 Time Taken 00:00:06 | This to inform the Stock Exchange that the Financial Conduct Authority - UK has fined Canara Bank, London Branch GBP 896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.
The FCA acknowledges that senior management at Canara Bank have fully co-operated and engaged with the FCA's investigation and that the firm's substantive AML deficiencies now have been rectified.
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