The Financial Intelligence Centre (FIC) of Ghana has launched an investigation into McDan Group over suspected money laundering activities, requesting detailed financial records from the company spanning a five-year period.
In a confidential letter dated April 22, 2025, addressed to the Managing Director of McDan Group, the FIC revealed that it had received intelligence indicating the company was involved in significant financial transactions with multiple entities between January 2020 and December 2024. The agency is acting under the authority of the Anti-Money Laundering Act, 2020 (Act 1044).
The FIC’s request, grounded in Sections 36 and 37 of the Act, compels McDan Group to provide comprehensive financial data including all electronic fund transfers, copies of cheques issued to third parties, and details of the financial institutions used during the specified period.
The company has been given seven days to comply with the request, in accordance with Section 37(4) of the law.
This move marks the latest in a series of high-profile probes initiated by the FIC, as the agency ramps up efforts to detect and combat financial crimes across Ghana’s corporate landscape.
Neither McDan Group nor its legal representatives have publicly commented on the FIC’s inquiry. However, the case is expected to draw significant attention given the group’s prominence in logistics, aviation, and other sectors.
