* Standard Bank, Nedbank say taking remedial measures
* Share prices largely unchanged
(Adds bank reactions)
JOHANNESBURG, April 16 South Africa's Reserve
Bank said on Wednesday it had fined the country's top four banks
a total of 125 million rand ($12 million) over lax anti-money
The central bank said in a statement it had fined the South
African unit of Barclays Africa Group 10 million rand,
FirstRand 30 million rand, Nedbank 25 million
rand and market leader Standard Bank 60 million rand.
"The administrative sanctions are not an indication that the
banks in question have in any way facilitated transactions
involving money laundering and the financing of terrorism," the
central bank said.
Standard Bank and Nedbank said they were taking remedial
measures to strengthen their controls, in an industry that is
already seen as well regulated.
South African banks largely avoided the credit crisis that
hit other lenders, thanks to tight supervision by the Reserve
The banks' share prices shrugged off the news. Barclays
Africa was up nearly 1 percent, compared with a 0.4 percent rise
by Johannesburg's Top-40 index. FirsRand had shed only
0.4 percent at 0837 GMT.
($1 = 10.5563 South African Rand)
(Reporting by Helen Nyambura-Mwaura; editing by David Dolan)