RBS Under FCA Investigation over Money Laundering Scheme

[kreslik.news]

The Financial Conduct Authority (FCA) is investigating the role of Royal Bank of Scotland (RBS) in the alleged processing of hundreds of millions of pounds for a Russian money laundering scheme, the lender said today in an official statement.

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“On 21 July 2017 the FCA notified RBS that it is undertaking an investigation into RBS PLC’s compliance with the Money Laundering Regulations 2007 in relation to certain customers. RBS is cooperating with the investigation,” the bank disclosed Friday.

RBS noted in its announcement that the case involves a number ... (read more)