ZCZC
BCN-07
NETHERLANDS-BANKING-CRIME-ABNAMRO
Dutch bank ABN Amro to settle 480 mn euro criminal probe
THE HAGUE, April 19, 2021 (BSS/AFP) – The Netherlands’ third-largest bank ABN Amro is to pay a 480 million euro ($575 million) settlement to prosecutors following a money-laundering probe, the bank announced on Monday.
“Between 2014 to 2020, ABN Amro… failed to fulfil its role as gatekeeper with a view to combating money laundering. ABN Amro has accepted a transaction of 480 million euros offered by the Public Prosecution Service,” it said in a statement.
BSS/AFP/MSY/1257 hrs