NatWest is facing criminal proceedings over an alleged breach of money laundering rules, in relation to more than £264 million in cash deposits to a single customer account.
The Financial Conduct Authority (FCA) this morning (16 March) said it had commenced criminal proceedings in relation to offences under the 2007 money laundering regulations (MLR).
The FCA alleges that between the end of 2011 and the end of 2016, NatWest allowed a single UK-incorporated customer to depos...
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