NatWest hit with £264m fine in case linked to Yorkshire jeweller
NATWEST has been fined more than £264 million after admitting breaching anti-money laundering regulations.
Source: thenorthernecho.co.uk
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FCA fines NatWest £264.8 million for failed anti money laundering duty
Firms handling large sums of cash have been reminded of their duty to combat money-laundering after NatWest Bank was fined £264.8 million in the Financial Conduct Authority's first criminal prosecution for money laundering failings.
Source: am-online.com
NatWest hit with £264m fine after taking deposits of laundered cash in bin bags | ITV News
The court heard some £700,000 was paid into the Walsall branch in a single day, with the cash brought through a shopping centre in bin bags. | ITV News Central
Source: itv.com
NatWest fined £265m for failing to prevent money laundering
NatWest has been fined £265m after it failed to prevent money laundering of £365m by one firm. Vast sums of cash were deposited with the bank in “black bin bags, which tore because of their weight”, according to sentencing remarks in the case brought by the Financial Conduct Authority. The bank pleaded guilty at
Source: mortgagestrategy.co.uk
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: northwalespioneer.co.uk