Summary

This course provides finance industry professionals with insights into the NatWest Bank money laundering scandal, which led to a record fine in the UK. Participants will understand the key factors, compliance failures, regulatory response, and best practices to enhance anti-money laundering (AML) practices.

This course is one of several courses within the Certificate in AML Case Analysis. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

This course is for finance professionals who wish to learn from the NatWest money laundering scandal and apply those lessons to strengthen their AML compliance programmes.

Course Objectives

• Understand the details of the NatWest Bank money laundering scandal and the key factors that contributed to the compliance breakdown

• Identify red flags and risk indicators missed by NatWest that could arise in similar cases

• Recognise the regulatory obligations and compliance requirements that financial institutions must meet under UK law to prevent money laundering

• Apply lessons learned from the NatWest case to enhance AML compliance within their own institution

Course Structure

• Section 1: Overview of the NatWest Bank Money Laundering Scandal

• Section 2: Regulatory Requirements and Compliance Obligations in the UK

• Section 3: Key Red Flags and Risk Indicators in the NatWest Scandal

• Section 4: Lessons Learned from the NatWest Scandal

• Section 5: Case Studies

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.