ABN Amro to settle money laundering probe for $574 million
AMSTERDAM - Dutch bank ABN Amro on Monday said it will pay a fine of 480 million euros ($574 million) to settle a criminal investigation into money laundering by prosecutors in the Netherlands.
The fine was the outcome of a settlement with Dutch
prosecutors who in 2019 said ABN Amro, one of three dominant lenders in the
Netherlands, had failed to detect money laundering and other criminal
activities by its clients for years.
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