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Why the FCA’s NatWest conviction was the perfect blockbuster

If the regulator was only prepared to tackle a ‘slam dunk’ case for its first attempt, will it be firm enough on other anti-money laundering cases?

By

Claire Cross

and

Nick Barnard

Black bags of cash provided an easy win for the regulator. But can it crack down on other banks too?
Black bags of cash provided an easy win for the regulator. But can it crack down on other banks too? Photo: Jason Alden/Getty Images

Claire Cross is a partner and Nick Barnard is a senior associate at law firm Corker Binning 

The conviction of NatWest, in which it was fined £264m after being prosecuted by the Financial Conduct Authority for breaches of the money laundering regulations, is a blockbuster case in every respect.

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