Money Laundering Bulletin

Timon Molloy

Document

NatWest fined UK£264.8m for criminal AML breaches – accepted high cash sums in black bin bags

By Keith Nuthall

Britain’s largest retail bank has been fined UK£264,772,619.95 for breaking the criminal law – the Money Laundering Regulations 2007 – through its handling of UK£365 million from a jeweller, suspected of being a major money launderer. [1]

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