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NatWest pleads guilty to compliance failure over money laundering

A provision will be made in NatWest's Q3 2021 financial accounts in anticipation of a potential fine

NatWest said it had fully cooperated with the FCA since the inquiry began
NatWest said it had fully cooperated with the FCA since the inquiry began Photo: Getty Images

NatWest Group pleaded guilty to criminal charges for failing to comply with regulation that requires systems and controls to prevent money laundering.

The bank entered the plea at Westminster Magistrates Court, following charges brought by the Financial Conduct Authority.

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