National Westminster Bank (NatWest) on Thursday pleaded guilty to landmark criminal charges brought by the U.K. Financial Conduct Authority (FCA) for money laundering violations.

The case marks the first criminal prosecution brought by the FCA under the 2007 Money Laundering Regulations (MLR).

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...