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Violation Tracker UK Individual Case

Company: The Royal Bank of Scotland plc et al.
Current Parent CompanyNatWest Group PLC
Parent at the Time of the Penalty Announcement: NatWest Group PLC
Penalty: £5,600,000
Year: 2010
Date: 2 August, 2010
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: The Royal Bank of Scotland Group (The Royal Bank of Scotland Plc, National Westminster Bank Plc, Ulster Bank Limited, and Coutts & Company) paid a £5.6 million fine in settlement of a finding by the FSA that the companies failed to establish and maintain appropriate systems to prevent funds or financial services being made available to persons listed by the government as subject to financial sanctions.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: 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)