Partner Claire Cross has been quoted by Bloomberg and Reuters on the news that NatWest is facing criminal action from the FCA over allegations it failed to detect money laundering activity.
Cross said the news “will cause shockwaves across the financial community” because it involved a well-known high street bank and as it’s the first FCA prosecution under the MLR. “It also sets an important precedent”, she added. “No one is too big to escape the FCA’s criminal net” She said that in pursuing NatWest, Mark Steward “has set an important precedent that he is not afraid to pursue big players in the financial industry”.
David Corker is quoted in The Telegraph and Law360 on the SFO’s credibility after Unaoil judgment
December 14 2021
Jessica Parker quoted in Bloomberg on NatWest pleading guilty V FCA
October 7 2021
David Corker is quoted in inCOMPLIANCE on FCA investigations
September 21 2021