In its first criminal case against a bank under anti-money laundering rules, the Financial Conduct Authority has charged the London-headquartered subsidiary of NatWest with failing to properly screen and track tens of millions of pounds in potentially illicit payments.
The United Kingdom's Financial Conduct Authority announced the commencement of criminal proceedings against National Westminster Bank Plc for alleged offenses under the Money Laundering Regulations 2007.
March 16, 2021