Home / Corporate Crime

Legal News

NatWest pleads guilty to charges under the Money Laundering Regulations 2007

Copyright © 2025 LexisNexis

Published on: 07 October 2021

Published by LNB News

LNB News 07/10/2021

Document Information

Issue Date: 07 October 2021

Published Date: 07 October 2021

Jurisdiction(s): England, Wales, Northern Ireland and Scotland

Article summary

The Financial Conduct Authority (FCA) has announced that National Westminster Bank Plc (NatWest) has entered guilty pleas at Westminster Magistrates’ Court to the charges brought under the Money Laundering Regulations 2007, SI 2007/2157. The bank accepted that between 7 November 2013 and 23 June 2016, they failed to comply with Regulation 8(1) and between 8 November 2012 and 23 June 2016, they failed to comply with Regulations 8(3) and 14(1) for UK incorporated customer accounts, making this the first criminal prosecution by the FCA under SI 2007/2157. The case has been referred to Southwark Crown Court for sentencing.

Popular documents

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of