Summary

This programme examines the NatWest money laundering scandal which resulted in a record fine, by analysing the internal compliance failures, regulatory oversights, and subsequent reforms. The case highlights:

• How NatWest’s controls failed and what warning signs were missed
• How regulators investigated and imposed the record penalty
• What changes were implemented post-scandal and how similar risks can be mitigated
• How to apply these lessons to other organisations

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

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Summarise the timeline, key events, and internal failures that characterised the NatWest scandal

• Explain the regulatory breaches that led to the record fine

• Identify weaknesses in internal controls and cultural factors that contributed to compliance failures

• Describe the reforms and best practices adopted post-scandal to prevent future money laundering

• Analyse case studies to connect theory with real-world events

• Answer knowledge-based questions to evaluate current AML challenges

Course Structure

• Section 1: Introduction

• Section 2: Analysis of the NatWest Scandal

• Section 3: Regulatory Action and Penalty

• Section 4: Reforms, Best Practices and Lessons Learned

• Section 5: Case Studies

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.