NatWest may be fined €426m over gold dealer in money laundering case     

Bank  took in €430m in deposits over five years, more than two-thirds of which was in cash.

NatWest Group could face a fine of several hundred million pounds from the UK’s financial watchdog after pleading guilty to three criminal charges of money laundering.

The bank admitted that it failed to prevent money laundering at an English gold dealer. NatWest took in  £365m (€430m) in deposits over five years, more than two-thirds of which was in cash despite the gold dealer indicating an annual revenue of £15m per year.