NATWEST pleaded guilty on Thursday to failing to prevent the laundering of nearly £400m (US$544m) and faces a heavy fine after becoming the first bank in Britain to admit to a criminal offence of this sort, Reuters reported. The bank, which is 55% taxpayer-owned after a £45bn-plus state bailout during the financial crisis, indicated in a London court guilty pleas to three criminal charges of not adequately monitoring customer accounts between 2012 and 2016.
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