4 min

‘Bin bags full of cash’ - NatWest fined £264m for AML failures VinciWorks

    • Government

In the first criminal prosecution of a financial institution by the Financial Conduct Authority (FCA), a litany of failings took place at NatWest which enabled black bin liners stuffed with cash to be deposited, literally bursting out of floor-to-ceiling branch safes.
In this short episode, Director of Learning and Content Nick Henderson takes us through exactly what happened and why the crime was allowed to be carried out for so long without being flagged.
VinciWorks Compliance: www.vinciworks.com

In the first criminal prosecution of a financial institution by the Financial Conduct Authority (FCA), a litany of failings took place at NatWest which enabled black bin liners stuffed with cash to be deposited, literally bursting out of floor-to-ceiling branch safes.
In this short episode, Director of Learning and Content Nick Henderson takes us through exactly what happened and why the crime was allowed to be carried out for so long without being flagged.
VinciWorks Compliance: www.vinciworks.com

4 min

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