Natwest admits failing to stop £400,000,000 in huge money laundering scam
Natwest admits failing to stop £400,000,000 in huge money laundering scam
The financial watchdog brought about the criminal charges (Picture: PA)
NatWest has pleaded guilty to failing to prevent alleged money laundering of nearly £400,000,000.
It comes after the financial watchdog launched criminal action against the bank in March, in the first case of its kind.
The Financial Conduct Authority (FCA) claims deposits were made into a UK NatWest account totalling £365m…
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