Tag: NatWest
NatWest pioneers bank-verified digital identity with OneID integration in Adobe. Acrobat...
NatWest has taken a significant step in the digital banking sector by becoming the first UK bank to implement a bank-verified digital identity system.
Revolut ramps up anti-fraud efforts with doubled financial crime team
Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.
The five biggest compliance failure fines of 2021
As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.
FCA slaps HSBC with £63.9m fine for AML failings
The Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 for failings related to its anti-money laundering processes.
NatWest hit with first criminal charge pursued by FCA
National Westminster Bank (NatWest) has been fined £264m for three accounts of money laundering failures.
NatWest could face £340m fine following money laundering neglect
NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.
NatWest lets customers set transfer limits to reduce payment scam damage
NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
Natwest faces money laundering charges by FCA over cash deposits
The Financial Conduct Authority (FCA) has begun criminal proceedings against banking giant NatWest Group PLC alleging that the company failed to follow anti-money-laundering regulations.
Monzo and Starling Bank lead service quality league
Challenger banks Monzo and Starling Bank led the list that provided the best service among the UK's 19 largest personal account providers, according to new research from British regulators.
