NatWest faces fine over money laundering failings

NatWest said “we deeply regret” failing to “adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016”.

The state-backed bank, formerly Royal Bank of Scotland, is the first British lender to admit such an offence.

Lawyers told a court hearing that NatWest faces a large fine.

Read more at BBC

Source: riskscreen.com