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NatWest Money Laundering Trial Adjourned

By Koos Couvée

A court in London adjourned a landmark money-laundering case against NatWest on Wednesday to give the U.K. bank more time to review the evidence regulators have gathered against it. In the first criminal case brought against a bank under U.K. anti-money laundering rules, the Financial Conduct Authority, or FCA, charged NatWest's subsidiary in London last month with failing to adequately monitor tens of millions worth of pounds in suspicious payments and cash deposits over a five-year period. NatWest was scheduled to appear for the first time at Westminster Magistrates Court in London on Wednesday, but the FCA requested a monthlong...

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