A U.K. court on Monday ordered NatWest to pay a record £265 million penalty for failing to identify and escalate glaring red flags that a jewelry wholesaler funneled hundreds of millions of pounds in suspicious cash through its accounts from November 2012 to June 2016.
U.K. officials aim to bolster the ranks of the National Crime Agency, Crown Prosecution Service, HM Revenue & Customs, Serious Fraud Office and other agencies with 475 specialist investigators and prosecutors over the next three years to tackle illicit finance.