ABN Amro Fined €8.5m over Money-Laundering Checks

NOS

Lean Right

Factuality

Ownership

ABN Amro has once again been fined for inadequate controls regarding money laundering. The bank did not do enough to stop suspicious transactions. Therefore, De Nederlandsche Bank (DNB) is imposing a fine of 8.5 million euros. According to regulator DNB, ABN Amro handled signals indicating money laundering carelessly. There were indications that the bank's customers were circumventing sanctions against Russia. DNB refers to the use of intermedi…

NRC Handelsblad

Lean Left

Factuality

Ownership

The Dutch Central Bank (DNB) has reprimanded ABN Amro again for inadequate anti-money laundering supervision. More than five years after the Public Prosecution Service offered a mega-settlement of nearly…

Algemeen Dagblad

bd.nl

View article

Reposted by

bd.nl

Center

Factuality

Ownership

ABN Amro has been fined 8.5 million euros by De Nederlandsche Bank (DNB) due to inadequate money laundering controls. According to the regulator, ABN Amro ‘structurally and seriously’ failed in its anti-money laundering controls for high-risk customers.