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 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 UK Financial Conduct Authority issued a press release announcing National Westminster Bank Plc's guilty plea to criminal charges under the Money Laundering Regulations 2007.
October 7, 2021
print