Dutch bank ABN Amro becomes the latest European lender caught up in anti-money-laundering investigations
Dutch lender ABN Amro Group NV faces a criminal probe in the Netherlands over a lack of anti-money-laundering and terrorism financing controls, becoming the latest European bank to fuel concerns about the continent’s ability to control illicit money flows.
According to the prosecutors’ office, ABN Amro “allegedly has not carried out client due diligence sufficiently, was insufficiently monitoring bank accounts and did not report unusual transactions, or reported them too late.” It didn’t provide a time frame over which the...
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