Basic Search  |  Summaries  |  Advanced SearchPenalty: £264,772,619
Year: 2021
Date: 13 December, 2021
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: NatWest pleaded guilty to three offences of failing to comply with money laundering regulations by accepting £365 million in cheques and cash from a commerical customer with suspicious behaviour that was not acted upon and was not spotted by an incorrect automated transaction monitoring system.
Action Type: agency action
Settlement Type: guilty plea
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)