Money laundering: NatWest calls criminal charges ‘disappointing’ as case moves to court April 22, 2021 NatWest Group has insisted it is making financial crime detection a “key priority” as it faces criminal action by the City watchdog for alleged money-laundering failures. In a speech to shareholders, ahead of the bank’s annual meeting on 28 April, NatWest chairman Sir Howard Davies called last month’s announcement of the launched criminal case “disappointing.” [...]
Criminal case against NatWest tip of £90bn iceberg in ‘money laundering capital of the world’ March 26, 2021 Yesterday it was reported that the recent money laundering charges against NatWest are linked to a separate case against 13 individuals based in cities around the UK. The latest revelations followed the shock announcement, last week, that the Financial Conduct Authority had lodged criminal proceedings against NatWest for money laundering offences. The watchdog – accusing NatWest of [...]
NatWest £365m money laundering case linked to separate case involving infamous gold dealer James Stunt March 22, 2021 Criminal money laundering charges against NatWest are linked to a separate case against 13 individuals based in cities around the country. The Financial Conduct Authority (FCA) started a criminal action against NatWest last week, making it the first bank to be charged under a 2007 money laundering law. The FCA accused NatWest of failing to monitor suspect activity by [...]