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Violation Tracker Individual Record

Company: NatWest Markets Plc
Current Parent CompanyNatWest Group PLC
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Penalty: $35,000,000
Year: 2021
Date: December 21, 2021
Offense Group: competition-related offenses
Primary Offense: fraud
Secondary Offense: investor protection violation
Violation Description: NatWest pleaded guilty to one count of wire fraud and one count of securities fraud in connection with a criminal information filed in the District of Connecticut. U.S. District Judge Omar A. Williams accepted the pleas and sentenced NatWest to pay approximately $35 million in a criminal fine, restitution, and forfeiture. NatWest also will serve three years of probation and will agree to the imposition of an independent compliance monitor.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.