The money laundering case has earned British bank NatWest a fine of almost £265 million from the UK courts.

The bank pleaded guilty in early October in the case, which relates to deposits of 365 million pounds by a customer between 2012 and 2016. The FCA announced in March the launch of legal proceedings against NatWest, after opening an investigation in 2017, accusing the bank of not having taken the necessary measures to prevent the risk of laundering dirty money. The case concerns increasingly large deposits on several accounts of a client of the bank, a jeweler in Bradford (north of England): 365 million pounds in all, including 264 million in cash.

It is the first time that criminal charges have been brought by the financial regulator under a 2007 law, which requires companies to have "adequate systems and controls to prevent money laundering", according to the FCA . The decision was made by Southwark Crown Court, south London.