NatWest offshore arm fined UK£1.4m in Isle of Man over risk assessment update

The Royal Bank of Scotland International Limited (RBSI), a subsidiary of UK's NatWest Group plc, is to pay a UK£1,440,481 civil penalty to the Isle of Man Financial Services Authority for late implementation of changes to its customer risk assessment process.

The Royal Bank of Scotland International Limited (RBSI), a subsidiary of UK's NatWest Group plc, is to pay a UK£1,440,481 civil penalty to the Isle of Man Financial Services Authority (FSA) for late implementation of changes to its customer risk assessment process.