RBS Says FSA Is Probing Money-Laundering Compliance – The Royal Bank of Scotland Group Plc, is being investigated by Britain’s financial regulator over its compliance with money-laundering rules. The U.K. Financial Services Authority informed RBS that it was looking into the bank’s compliance with U.K. money- laundering rules from December 2007 to December 2008; RBS said in a report to investors dated Nov. 27. The latest probe means RBS is the subject of at least four FSA inquiries. The bank was also fined 750,000 pounds ($1.25 million) by the FSA in 2002 for breaching money-laundering controls.
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