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NEWS: NatWest clawing back bonuses from 10 ex-staff over its 2021 money laundering conviction

CLAWBACK. “We recognise that the senior executive committees drive the firm’s culture and sets its strategy, so it is appropriate that the colleagues in role when the failures occurred are impacted in the same way that the 2021 population were,” the bank said. File photo shows people walk past a Natwest Bank branch in central London.

By AML Intelligence Correspondent TEN former staff at NatWest will have part of their bonuses clawed back over the bank’s AML conviction three years ago. The UK lender announced today it was clawing back bonuses to address the “collective failure” that led to the firm’s conviction for failing to prevent money laundering. The announcement came…

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