Fight against money laundering! Bank of England fined £ 265million

UK Westminster Financial Institution (NatWest) has been fined £ 265million (around $ 350million) by a UK court for failing to protect nearly £ 400million. . This is the first time after the UK laws against money laundering. It was introduced in 2007 in criminal cases.

The Financial Services Commission (FCA) said on Monday that a consumer had deposited hundreds of millions of pounds at more than 50 branches of NatWest Bank and received at least 40 million yen from at least one branch. And NatWest took no good steps to prevent it from malfunctioning.

NatWest filed a complaint against us in October of last year for not taking good care of our customers between 2012 and 2016.

A judge ruled on Monday that the fine would be £ 400million, but the bank pleaded guilty and lowered the fine.

Alison Rose, CEO of NatWest, said he regrets not taking good care of consumers in 2012 and 2016 to protect the financial market. Banks will also prevent financial fraud.

The FCA said in 2016 that police arrested Fowler Oldfield, a goldsmith and jeweler from the north of England, and discovered they had previously deposited £ 355million, including £ 264million in cash.

The FCA noted that Natwest had failed to investigate numerous reports of its financial misconduct, excluding its low-risk clients and employees of Natwest Bank's financial research staff with no knowledge or experience.

NatWest apologizes for the non-compliance and will support its future financial protection.