Lawmakers probe timeline of NatWest money laundering investigation
British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest for failing to prevent the laundering of nearly 400 million pounds. This took place after the lender pled guilty. The bank admitted three criminal charges of not adequately monitoring customer accounts. This is the first time a bank in […]
Natwest earmarks 100 BLN pounds for sustainable finance
British lender Natwest said that they had planned to increase lending linked to sustainable and climate-related finance to 100 billion pounds ($136 billion) by 2025. This move comes ahead of global climate talks in Glasgow. In this talk where countries will be pushed to accelerate efforts to fight climate change and transition to a lower-carbon […]