Tuesday, December 14, 2021

Come on. Does she think everybody is as dumb as a bag of rocks?

From RT

Britain’s biggest bank has been fined $350 million for failing to prevent the laundering of $529 million. Lower-level workers warned upper-level managers, but … You know, money.

“The court documents show that the company was depositing over $2 million in cash per day with NatWest at the height of its activity. There was so much cash that the trash bags used to transport it to the bank’s branches tore because they were so heavy. At times the bank’s safes were inadequate to store the amount of cash being deposited.

“Some of the bank’s employees, who were responsible for handling those cash deposits, reported their suspicions to bank staff responsible for investigating suspected money laundering. However, no action was ever taken.”

Statement by Alison Rose, CEO of NatWest: “We deeply regret that we failed to adequately monitor one of our customers between 2012 and 2016 for the purpose of preventing money laundering.” She also said the bank would continue to invest in fighting financial crime.

https://www.rt.com/business/543170-uk-bank-money-laundering/

Worker to manager: “As you know, we are not authorized to take cash at this location. However, a gold-trading establishment is bringing in several millions daily, often in refuse bags.”

Manager: “Okay. I will look into it. We are, after all, dedicated to fighting financial crime.”

 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.