Business World

British bank fined £265 million for laundering trash bags full of cash

NatWest has been fined £265 million for failing to prevent the laundering of nearly £400 million, in the first criminal money laundering case against a British bank. A gang deposited hundreds of millions of pounds in cash at around 50 branches of NatWest, prosecutors for Britain’s financial regulator said on Monday, with at least one […]