anti-money laundering

Report reveals huge money-laundering loophole

13th October 2022 Consumer Lending | #anti-money laundering

Anti-money laundering specialist SmartSearch is backing calls for reform of the UK’s company registration system after a report revealed that thousands of UK-registered Limited Liability Partnerships (LLPs) bear the hallmarks of shell companies for serious financial crime. An investigation by anti-corruption organisation Transparency International UK found that more than 20,000 Limited Liability Partnerships almost one in…

NatWest fined £264m over anti-money laundering failures

14th December 2021 Consumer Lending | #aml #anti-money laundering #fraud

NatWest has been fined £264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations. It was found that the bank failed to properly monitor the activities of jeweller Fowler Oldfield between November 2012 and June 2016. The Bradford-based jeweller deposited £365 million with the bank over a five-year period, including £264 million…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.

93283

anti-money laundering

Report reveals huge money-laundering loophole

NatWest fined £264m over anti-money laundering failures

Login