Menu Home

NatWest guilty of AML failures

NatWest Plc pleads guilty in criminal proceedings  Press Releases First published: 07/10/2021 Last updated: 07/10/2021 Today, National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority (FCA) under the Money Laundering Regulations 2007 (MLR 2007).  NatWest accepts that it […]

FCA warns of risks linked to Afghanistan

Firms reminded about potential financial crime risks linked to Afghanistan Statements|First published: 31/08/2021 | Last updated: 31/08/2021 Developments in Afghanistan have highlighted the continuing need for robust systems and controls that respond to changing risks. Firms should be aware of the possible impact these events may have on patterns of […]

FCA prosecutes National Westminster Bank

FCA starts criminal proceedings against NatWest Plc Press Releases First published: 16/03/2021 Last updated: 16/03/2021 The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that NatWest failed to […]

FCA Notice: unauthorized foreign exchange investment xchloesworld

FCA warns consumers about unauthorised forex investment xchloesworld News stories First published: 13/01/2021 Last updated: 13/01/2021 On Tuesday 12 January we updated our consumer warning against an unauthorised online trader using Instagram, known as chloefxtrades / chloehenx, to include a further account xchloesworld. This account has been promoted widely on social media and we want consumers to be aware that it […]

An impostor FCA Financial Services Register site…

Fake Financial Services Register website Statements Published: 22/07/2020 Last updated: 22/07/2020 We are aware that there has been an attempt to reproduce our Financial Services Register on a non-FCA website. We are currently working to get the page taken down and have alerted members of the public through our website and social media channels. […]

FCA Enforcement Action: Commerzbank fined £37,805,400 for AML failures

FCA fines Commerzbank London £37,805,400 over anti-money laundering failures Press Releases Published: 17/06/2020 Last updated: 17/06/2020 The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017. Commerzbank London was aware of these weaknesses and failed […]

Spoofing the FCA?

Fake Financial Services Register link Statements Published: 11/06/2020 Last updated: 12/06/2020 We are aware that there has been an attempt to reproduce our Financial Services Register on a non-FCA website. We are currently working to get the page taken down and have alerted members of the public through our website and social media channels. […]

FCA Fraud Alert: Next Coin Market

Consumer warning on Next Coin Market We believe Next Coin Market is an illegal organisation based in Bulgaria, claiming to be an FCA authorised firm offering cryptocurrencies to UK consumers. We have become aware they are sending consumers a link to a fake website, which gives the impression they are […]

June 6, 2018: FCA enforcement action against Canara Bank

FCA fines and imposes a restriction on Canara Bank for anti-money laundering systems failings Press Releases Published: 06/06/2018 Last updated: 06/06/2018 The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are required to maintain […]