26 March 2012 Last updated at 05:57 ET
Private bank Coutts has been fined �8.75m by the Financial Services Authority (FSA) for not taking adequate measures to prevent money laundering.
The FSA said the failings "resulted in an unacceptable risk of Coutts handling the proceeds of crime".
The findings related to high-risk people, especially those whose political positions meant they were vulnerable to corruption.
Coutts clients include the Queen, pop stars and sports personalities.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-17512140
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