NatWest Markets Plc, a London, U.K.-based banking and financial services firm, has entered guilty pleas to charges of perpetrating frauds in the markets for U.S. Treasury securities and futures contracts, the United States Department of Justice reports. The NatWest guilty pleas, tendered in the District of Connecticut, were, specifically, to one count of wire fraud… Read More >>
NatWest Bank Fined $352M via Money Laundering Case
U.K. financial institution National Westminster Bank has been fined £264.8 million ($352.7 million) after being convicted for breaches of money laundering regulation in a criminal case led by the Financial Conduct Authority (FCA), a key financial services regulator. The fine follows a guilty plea filed by NatWest officials in early October via Westminster Magistrates Court… Read More >>
NatWest Pleads Guilty to Money-Laundering Violations
A large bank is guilty of violating the United Kingdom’s money-laundering regulations. Says who? Says the bank itself. FTF News readers, who are familiar with all the ploys financial institutions employ to avoid saying they’ve done wrong (all that neither-confirming-nor-denying while paying up and agreeing to be censured), will know just how unusual that is…. Read More >>
