RBS handed FSA’s biggest fine for money laundering lapses – The Guardian

Posted August 3rd, 2010 in banking, financial regulation, money laundering, news by sally

“Royal Bank of Scotland has been fined £5.6m by the Financial Services Authority for failing to adequately screen customers and payments to prevent its banks – RBS, NatWest, Ulster Bank and Coutts – from being used for money laundering or the financing of terrorist activities.”

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The Guardian, 3rd August 2010

Source: www.guardian.co.uk