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NatWest fined £264m after money laundering conviction

The bank pleaded guilty to breaching money laundering regulations

NatWest pleaded guilty to to three offences regarding breaching money laundering regulations
NatWest pleaded guilty to to three offences regarding breaching money laundering regulations Photo: Belinda Jlao/Getty Images

NatWest has been fined more than £264m after being convicted of money laundering in a prosecution brought by the Financial Conduct Authority.

NatWest was fined £264.8m at a 13 December sentencing hearing at Southwark Crown Court and ordered to pay the FCA’s costs.

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