Mar 27 2012
The Financial Services Authority (FSA) has fined the British queen’s bank, Coutts Bank, 8.75 million pounds for failing to carry out correct checks on “politically exposed persons” and prevent money laundering.
“The failings at Coutts were serious, systemic and were allowed to persist for almost three years. They resulted in an unacceptable risk of Coutts handling the proceeds of crime,” the FSA said in a statement posted on its official website.
The news comes less than a week after a fringe candidate for April’s French presidential election said the British queen owed her fortune to drugs money laundered by “Jewish bankers in The City.”
On 21 March, Jacques Cheminade, an independent presidential candidate running in the French election, said, “a part of the fortune of the Queen of England comes from drug trafficking.”
“No, not any property, there are several other sources. But it is a series of trafficking in which, yes, there is trafficking drugs,” Cheminade said on television LCP French National Assembly.
Known as the British queen’s banker, Coutts was criticised for “significant, widespread and unacceptable” failures, as described by Tracey McDermott, acting director of enforcement and financial crime.
“The size of the financial penalty demonstrates how seriously we view its failures,” McDermott said.
I find it hard to believe we have put up with this awful woman and her family of parasites for this long. Its well known her Husband , the Duck of Edinburgh supports the mass de-population agenda. The whole family hate us, the very same people they are content to sponge off, yet you see people thawning to the inbreds day in day out… Hang the lot of the useless, piss taking spongers. We will be much better off without them.