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Around 50 NatWest branches involved in money laundering case -FCA -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – People keep their distance as they wait outside Natwest Bank in Wimbledon after the spread of coronavirus (COVID-19), London. This was May 1, 2020. REUTERS/Hannah McKay/File Photo

LONDON, (Reuters) – A criminal gang deposited many millions of pounds of cash at as many as 50 branches of NatWest. This includes more than 40,000,000 pounds at one outlet.

An English court will likely fine the state-backed bank later, following a plea of guilty to failing to stop nearly 400million pounds being laundered in October.

This landmark case, in which NatWest was the first British bank criminally charged for this type of offense, will be completed by the expected fine.

($1 = 0.7551 pounds)

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