NatWest pleads guilty to failing to prevent money laundering


Clare Montgomery QC acted for the Finance Conduct Authority  in their investigation and prosecution of NatWest. The 2007 Money Laundering Regulations  required NatWest to ensure they had adequate anti-money laundering systems and controls to prevent money laundering. NatWest Bank pleaded guilty to failing to monitor and scrutinise suspicious activity on 7 October and the case has now been committed to Southwark Crown Court for sentencing.

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