Natwest allowed money laundering

NatWest admitted allowing a jeweller to launder almost £365m in the first criminal prosecution of its kind. The high street money lender is 55 percent taxpayer owned after a £45 billion state bailout during the financial crisis. NatWest failed to monitor the bank account of Bradford-based jeweller Fowler Oldfield Ltd. between 7 November 2013 and 23 June 2016. Fowler Oldfield was closed after a police raid in 2016. The bank predicted Fowler Oldfield would have a turnover of £15m per…