NatWest hit with £264m fine after breaches of anti-money laundering rules
NatWest, part of the Royal Bank of Scotland group, in October pleaded guilty to three offences.
Source: thisisoxfordshire.co.uk
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NatWest fined £265 million for failing to stop £365 million money laundering operation
The Financial Conduct Authority (FCA) said Bradford jeweller Fowler Oldfield - which was liquidated in a police raid in 2016 - deposited £365 million with the bank over a five-year-period.
Source: dailymail.co.uk
U.K. bank hit with huge fine over anti-money laundering lapses
The NatWest sanction follows the regulator's first criminal prosecution for money-laundering violations
Alison Rose Fowler Oldfield Justice Cockerill Yorkshire Police Southwark Crown Court West Yorkshire Police
Source: investmentexecutive.com
NatWest fined £264m after accepting deposits of laundered money in bin bags
Fowler Oldfield, a Bradford based jewellery firm, managed to deposit £365m with the bank over three years
Source: telegraph.co.uk
UK Financial Conduct Authority: NatWest Fined £264.8 Million For Anti-Money Laundering Failures
<p><span>National Westminster Bank Plc (NatWest) was today fined &pound;264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations.</span></p>
United Kingdom West Yorkshire United Kingdom General Fowler Oldfield Justice Cockerill Scotland Group
Source: mondovisione.com
Natwest puts £254m aside after guilty plea in money laundering case
The lender pleaded guilty to failures in its anti-money-laundering controls at court. The bank hopes the £340million fine called for by the FCA will be cut.
Source: dailymail.co.uk
NatWest shares slide despite tripling profits
Eurozone inflation has surged to its highest level since 2008, overshadowing better-than-expected growth figures for the region.
United States United Kingdom South Korea West Yorkshire United Kingdom General Cyril Marcilhacy Bloomberg
Source: telegraph.co.uk
City watchdog grilled by MPs over Natwest money laundering case
Natwest, run by chief exec Alison Rose (pictured), admitted it had gaping holes in its crime detection systems which meant it failed to spot suspicious activities.
Source: thisismoney.co.uk
Treasury Committee asks questions of FCA over NatWest money laundering case
MPs want to know the timeline of a case involving a Bradford jewellers and why no NatWest individuals were prosecuted.
United Kingdom Mel Stride Fowler Oldfield Nikhil Rathi Financial Conduct Authority National Crime Agency
Source: ross-shirejournal.co.uk
City watchdog grilled by MPs over Natwest money laundering case
Natwest, run by chief exec Alison Rose (pictured), admitted it had gaping holes in its crime detection systems which meant it failed to spot suspicious activities.
Source: dailymail.co.uk