NatWest fined £264m in landmark criminal money laundering case

clock • 2 min read
NatWest fined £264m in landmark criminal money laundering case

NatWest Group was fined £264.7m at Southwark Crown Court in London yesterday (13 December) after pleading guilty to failing to prevent money laundering in the first criminal case of its kind against a British bank. In a case involving hundreds of thousands of pounds being couriered in black garbage bags and branch vaults overflowing with banknotes, the bank admitted to three criminal charges in October, accepting that it failed to prevent money laundering at an English gold dealer. Nat...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login