National Westminster Bank Plc (NatWest) has been fined £264,772,619.95 following convictions for three offences of failing to comply with the Financial Conduct Authority's (FCA) money laundering regulations.
Mrs Justice Cockerill, the sentencing judge at Southwark Crown Court, said: “….it must be borne in mind that although in no way complicit in the money laundering which took place, the Bank was functionally vital. Without th...
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