Tech and Crime Series: Has the FCA bitten off more than it can chew with its NatWest Prosecution?
Thomas Cattee, 13 April 2021
News broke on Tuesday 16 March 2021 that the Financial Conduct Authority (the “FCA”) has started criminal proceedings against NatWest Bank (“NatWest”) for alleged offences relating to the adequacy of procedures in place to prevent money laundering.
These proceedings are in respect of offences under the Money Laundering Regulations 2007 (the “2007 Regulations”). It is alleged that between 11 November 2011 and 19 October 2016 NatWest failed to adhere to the requirements of regulations 8(1), 8(3) and 14(1) of the 2007 Regulations. Continue reading “Article: Tech and Crime Series: Has the FCA bitten off more than it can chew with its NatWest Prosecution?”
