Ecuador’s election wasn’t free — and its people will pay the price under President Noboa
The rotten stench of the City sewer
STEVEN WALKER looks at how the actions of Britain’s leading banks have earned the City of London its reputation as the money-laundering capital of the world
RBS
Join the traditional march from Clerkenwell Green, which will bring together countless international workers’ organisations in a statement against the far right
The money tap to anti-Cuban agitators will never be shut off under Trump
Mountains of research show that hardcore material harms children, yet there are still no simple measures in place
We face austerity, privatisation, and toxic influence. But we are growing, and cannot be beaten
Trump’s economic adviser has exposed the actual strategy: forcing other countries to provide financial support for US hegemony
Activist Angie Zelter has been arrested more than a hundred times. She’s not stopping now, writes LINDA PENTZ GUNTER
THE Financial Conduct Authority has launched criminal proceedings against tax-payer owned Natwest Bank for failing to comply with anti-money laundering rules, in the first attempted prosecution against a British bank under the 2007 law.
Natwest faces a potentially unlimited fine after the FCA alleged it had failed to properly monitor the actions of a gold dealer. The customer was Fowler Oldfield, a Bradford-based jewellery wholesaler that was shut down after a police investigation in 2016.
The FCA said the company paid £365m into its Natwest account in a series of increasingly large cash deposits between 2011 and 2016. A judge in a court case heard in 2019 said the 122-year-old gold dealer was involved in “an extremely sophisticated” money laundering operation, with up to £2m in cash being delivered to the business each day.
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