Standard Bank Group’s Tanzanian unit said it paid a fine imposed by the East African nation’s central bank over payments made to a local company when the lender helped arrange a government debt offering three years ago.

Finance Minister Philip Mpango said last month the lender had been fined for failing to detect transactions involving Enterprise Growth Markets Advisors Ltd. and for not putting in place “strict procedures of internal control” to comply with Tanzanian law.

“Stanbic Tanzania has complied with all requirements of the Bank of Tanzania and has paid the administrative fine,” Annette Nkini, spokeswoman for Dar es Salaam-based Stanbic Bank Tanzania Ltd., said by e-mail. She didn’t immediately respond to requests for further comment.

The Securities and Exchange Commission announced in November that Standard Bank agreed to a $36.9 million settlement with the SEC and the U.K.’s Serious Fraud Office after the regulator charged the lender with failing to disclose a $6 million payment to EGMA.

Standard Bank in 2013 helped arrange the sale of $600 million of seven-year notes to selected investors for the Tanzanian government. An SEC order found that Standard Bank “did not seek to understand EGMA’s role in the transaction despite red flags that the $6 million payment was intended to induce the government of Tanzania to select Standard and Stanbic as managers for the offering.”

One of EGMA’s directors was a representative of the Tanzanian government and the offering wasn’t finalized until Standard and Stanbic agreed to pay 1 percent of the proceeds of the offering, the SEC said. EGMA Managing Director Gasper Njuu declined to comment.

“We can not comment at this point in time because the matter is still under investigation by authorities,” he said by phone from Dar es Salaam.

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