FCA starts first criminal proceedings under Money Laundering Regulations | Practical Law

FCA starts first criminal proceedings under Money Laundering Regulations | Practical Law

In this article, Zia Ullah, Partner, Gregory Brandman, Partner, Ruth Paley, Legal Director, and Adam Berry, Principal Associate, at Eversheds Sutherland, consider the FCA's decision to start criminal proceedings against National Westminster Bank PLC under the Money Laundering Regulations 2007 (SI 2007/2157) (MLRs 2007), and outline the key takeaways from this action. This is the FCA's first criminal prosecution under Money Laundering Regulations.

FCA starts first criminal proceedings under Money Laundering Regulations

Practical Law UK Articles w-030-7020 (Approx. 5 pages)

FCA starts first criminal proceedings under Money Laundering Regulations

by Zia Ullah, Partner, Gregory Brandman, Partner, Ruth Paley, Legal Director, and Adam Berry, Principal Associate, Eversheds Sutherland
Published on 22 Apr 2021 • United Kingdom
In this article, Zia Ullah, Partner, Gregory Brandman, Partner, Ruth Paley, Legal Director, and Adam Berry, Principal Associate, at Eversheds Sutherland, consider the FCA's decision to start criminal proceedings against National Westminster Bank PLC under the Money Laundering Regulations 2007 (SI 2007/2157) (MLRs 2007), and outline the key takeaways from this action. This is the FCA's first criminal prosecution under Money Laundering Regulations.