UK Fines Coutts $14M For Shirking Client Criminal Probes

By Evan Weinberger (March 26, 2012, 3:59 PM EDT) -- The U.K.'s top financial regulator on Monday fined Coutts & Co., the Royal Bank of Scotland Group PLC's private wealth management unit, £8.75 million ($13.9 million) for running afoul of anti-money laundering laws by failing to investigate clients' possible criminal activity....

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