{"id":7095,"date":"2021-10-08T06:19:37","date_gmt":"2021-10-08T06:19:37","guid":{"rendered":"https:\/\/www.futuresandoptions.gr\/en\/?p=7095"},"modified":"2021-10-08T06:19:37","modified_gmt":"2021-10-08T06:19:37","slug":"natwest-plc-pleads-guilty-in-criminal-proceedings","status":"publish","type":"post","link":"https:\/\/www.futuresandoptions.gr\/en\/natwest-plc-pleads-guilty-in-criminal-proceedings\/","title":{"rendered":"NatWest Plc pleads guilty in criminal proceedings"},"content":{"rendered":"<p>National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates\u2019 Court to criminal charges brought by the Financial Conduct Authority (FCA) under the <a href=\"https:\/\/www.futuresandoptions.gr\/en\/tag\/money-laundering\/\">Money Laundering<\/a> Regulations 2007 (MLR 2007).<\/p>\n<p>NatWest accepts that it failed to comply with regulation 8(1) between 7 November 2013 until 23 June 2016; and regulations 8(3) and 14(1) between 8 November 2012 until 23 June 2016 under MLR 2007 in relation to the accounts of a UK incorporated customer.\u00a0These regulations require certain firms, including those regulated by the FCA, to ensure they have adequate anti-money laundering systems and controls to prevent money laundering.<\/p>\n<p>The case has now been referred to the Southwark Crown Court for sentencing.<\/p>\n<p>This is the first criminal prosecution under the MLR 2007 by the <a href=\"https:\/\/www.fca.org.uk\/\">FCA<\/a>.<\/p>\n<p>No individuals are being charged as part of these proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates\u2019 Court to criminal charges brought by the Financial Conduct Authority (FCA) under the Money Laundering Regulations 2007 (MLR 2007).<\/p>\n","protected":false},"author":2,"featured_media":5603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1431,1123,14,111,22],"tags":[1097,1182,1491,1489],"class_list":["post-7095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-finreg","category-financial-news","category-stocks-2","category-wall-street","tag-fca","tag-money-laundering","tag-money-laundering-regulations","tag-natwest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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