Compliance & Anti-Financial Crime
Leadership | Insight | Network

Banking, Compliance News, EU/Europe

UK bank Natwest due in court over money laundering failures; FATF chief doubts anyone will go to prison when multi-million-pound compliance probe concludes

One of the top banks in the United Kingdom is facing legal action over failures to properly monitor a customer’s transactions valued in the hundreds of millions.

Despite the scale of the allegations, Financial Action Task Force Executive Secretary David Lewis has weighed in, expressing scepticism that the case will result in prison sentences for anyone.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!