NatWest Pleads Guilty in £400m Money Laundering Case

NatWest Pleads Guilty in £400m Laundering Case

A leading high street bank has pleaded guilty to failing to stop a massive money-laundering operation carried out by a customer.

Financial Conduct Authority

The lender, which is state-backed, entered a guilty plea at Westminster Magistrates in the first case of its kind. It covers four years between November 2012 and June 2016, during which the bank was accused of failing to monitor deposits amounting to hundreds of millions of pounds.

According to the BBC

NatWest is now likely to face a hefty fine.


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