Skip to content
Securities Enforcement and Regulatory Update

Key Reminders for Regulated Firms Following FCA-NatWest Anti-Money Laundering Case

分享
In March 2021, the UK Financial Conduct Authority (FCA) announced that it would be initiating criminal proceedings against National Westminster Bank Plc (NatWest) for failing to monitor suspicious activity from one of its customers. This was a significant course of action as it was the regulator’s first criminal prosecution under the UK’s money laundering regulations (the MLRs) and it signified a departure from its historical practice of imposing civil financial penalties.

Sidley Austin LLP provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship.

Attorney Advertising - For purposes of compliance with New York State Bar rules, our headquarters are Sidley Austin LLP, 787 Seventh Avenue, New York, NY 10019, 212.839.5300; One South Dearborn, Chicago, IL 60603, 312.853.7000; and 1501 K Street, N.W., Washington, D.C. 20005, 202.736.8000.

联系方式

If you have any questions regarding this Sidley Update, please contact the Sidley lawyer with whom you usually work or

办公室