Financial Crime Financial Crime

NatWest faces fine of up to GBP340 million after admitting money laundering failures

By Martin Coyle
  • 07 Oct 2021 06:15
  • 07 Oct 2021 07:31
NatWest Bank faces a fine of up to 340 million pounds after pleading guilty today to money laundering charges brought by the UK’s financial regulator. It is the first lender to be criminally prosecuted in the UK for money laundering failures. 

The bank, which is two-thirds owned by the UK government, today admitted

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