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http://bura.brunel.ac.uk/handle/2438/26510
Title: | R v Natwest (2021): Another turning point in the regulation of big banks? |
Authors: | Barnes, V De Pascalis, F |
Keywords: | bankers' duties;banks;Financial Conduct Authority;fines;money laundering;big business;banking;bank regulation;financial history;corporate governance |
Issue Date: | 17-Apr-2023 |
Publisher: | Sweet and Maxwell |
Citation: | Barnes, V. and De Pascalis, F. (2023) 'R v Natwest (2021): Another turning point in the regulation of big banks?', The Company Lawyer, 44 (5), pp. 143 - 151. Available at: https://uk.westlaw.com/Document/I34165430D99011ED9A5BA25F1939BE9E/View/FullText.html |
Abstract: | This article examines R v NatWest, which made headline news for the record fine given to NatWest following allegations of money laundering. This is a first for banking history. The facts themselves are equally remarkable. The analysis conducted in this article proffers some insights into how such activity persisted. Such a discussion shows how unusual the events were in the context of banking history. A contextualized overview of the growth of NatWest has much to offer those interested in the culture and the internal processes within the bank, which lead to a breach of the Money Laundering Regulations 2007. The present case offers numerous points for reflection. Such a comprehensive analysis is worth undertaking not only because of the historical shifts that can be observed in the banking industry though R v NatWest. It shows how some of the tensions in this case are age-old, but, equally, that the decision here has important implications for the future of banking and financial law. |
URI: | https://bura.brunel.ac.uk/handle/2438/26510 |
ISSN: | 0144-1027 |
Other Identifiers: | ORCID iD: Francesco De Pascalis https://orcid.org/0000-0002-5318-6465 |
Appears in Collections: | Brunel Law School Embargoed Research Papers |
Files in This Item:
File | Description | Size | Format | |
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FullText.pdf | Embargoed until 17 April 2024 | 335.43 kB | Adobe PDF | View/Open |
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