>The state-backed bank was “in no way complicit in the money-laundering which took place”, the judge said at Southwark Crown Court on Monday.
And
> Southall received about £42m in cash between January 2015 and March 2016, for example, but no report was made that it was suspicious.
And
>One rule designed to flag suspicious activity was disabled by the bank because it created too many alerts, “so the bank decided it should be deactivated”, Ms Montgomery added
Sure sounds like they were complicit.
Any way you analyse this story, and the sheer volumes of cash involved that, at the very best, you can only come to the conclusion that this is a systemic failure of biblical proportions and, as a consequence, requires heads rolling at board level.
Remember, someone has to count all this cash 🙂
Edit: grammar
Haha Natwest canceled my account a few years back with 10 ten days to remove my money because I traded crypto … The Ironie…
Selling a Bitcoin = You fucking Criminal !
Depositing BIN BAGS of cash to a total of 325 GBP Million = What a fine Business Men you are…
Damn, and I thought natwest were one of the good ones
All financial activity in Bradford should be treated as high risk ffs
5 comments
>The state-backed bank was “in no way complicit in the money-laundering which took place”, the judge said at Southwark Crown Court on Monday.
And
> Southall received about £42m in cash between January 2015 and March 2016, for example, but no report was made that it was suspicious.
And
>One rule designed to flag suspicious activity was disabled by the bank because it created too many alerts, “so the bank decided it should be deactivated”, Ms Montgomery added
Sure sounds like they were complicit.
Any way you analyse this story, and the sheer volumes of cash involved that, at the very best, you can only come to the conclusion that this is a systemic failure of biblical proportions and, as a consequence, requires heads rolling at board level.
Remember, someone has to count all this cash 🙂
Edit: grammar
Haha Natwest canceled my account a few years back with 10 ten days to remove my money because I traded crypto … The Ironie…
Selling a Bitcoin = You fucking Criminal !
Depositing BIN BAGS of cash to a total of 325 GBP Million = What a fine Business Men you are…
Damn, and I thought natwest were one of the good ones
All financial activity in Bradford should be treated as high risk ffs