Oh, the thrilling world of Anti-Money Laundering Specialists and their exciting appeals to the Bank of Ghana (BoG) about Foreign Exchange Trading Licence suspensions. Renowned individual, Wisam Suhyini Hamza, has thrown his hat in the ring, suggesting that maybe, just maybe, a gentle slap on the wrist with an administrative monetary penalty could have sufficed instead of the big bad suspension.
According to Hamza, while compliance is as thrilling as watching paint dry, perhaps a more nuanced approach could have been taken. BoG, in its infinite wisdom, decided that Consolidated Bank Ghana (CBG) needed a little time out due to a couple of regulatory deficiencies. Hamza, being the gentle spirit that he is, thinks maybe BoG could have been a tad more gentle.
He’s all about that detailed deficiency life, urging BoG to spell it out for all to see. After all, nothing says “compliance” quite like a good old public shaming with specific details thrown in.
So, here’s to Hamza, the compliance whisperer, and his quest to make the world a more financially transparent place, one administrative penalty at a time. Thank you, Hamza, for reminding us all that sometimes it’s not about the suspension, but about the compliance journey we take along the way.