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Prominent MP criticises the time taken for Britain’s FCA to bring major laundering case to a close

By Dan Byrne for AMLi

Britain’s Financial Conduct Authority (FCA) remains in hot water with lawmakers as they continue to probe its performance in the NatWest AML case.

The bank – one of the largest in the UK – pleaded guilty to anti-money laundering shortcomings earlier this month and admitted that the faults may have let as much as £365M (€429M) in dirty money slip through its channels.

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