Basic Search  |  Summaries  |  Advanced Search

Violation Tracker UK Individual Case

Company: The Royal Bank of Scotland International Limited
Current Parent CompanyNatWest Group PLC
Parent at the Time of the Penalty Announcement: NatWest Group PLC
Company County: Isle of Man
Company Nation/Region: British Crown Dependency
Penalty: £1,008,337
Year: 2024
Date: 15 February, 2024
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: RBSI agreed to pay over £1 million in settlement of a finding by the Isle of Man Financial Services Authority that the company contravened the Anti-Money Laundering and Countering the Financing of Terrorism Code with inadequate documented Customer Risk Assessments.
Settlement Type: Settlement of IoMFSA decision
Agency: Isle of Man Financial Services 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)