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NatWest faces massive fines over money-laundering conviction; Soaring energy prices hit the EU
15 October 2021 00:00
The successful prosecution of UK bank NatWest over money-laundering charges was a watershed moment for the country’s Financial Conduct Authority - the first time such criminal offenses have been successfully deployed. Now, attention is turning to the size of the fine that courts will be willing to impose on the lender. Also on today’s podcast: Europe’s spike in energy prices is prompting some soul-searching in the European Union over the bloc’s energy-policy settings.
NatWest’s guilty pleas to criminal charges of money-laundering failures can be understood as an early result
EU gas-storage rules, a common gas-procurement system and changes to the design of the bloc’s electricity market
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Martin Coyle Senior Correspondent
Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.