NatWest Money Laundering Case Linked to Second Criminal Trial, Prosecutors Say

People maintain social distance while they queue outside a Natwest bank as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, on March 26, 2020. Hannah McKay/Reuters

LONDON—Criminal money laundering charges against British state-backed bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters.

Britain’s financial regulator, the UK Financial Conduct Authority (FCA), started a criminal action against NatWest on Tuesday, making it the first bank to be charged under a 2007 money laundering law.