ABN AMRO board of directors block research into claims of money laundering back in 2014
3 years, 9 months ago

ABN AMRO board of directors block research into claims of money laundering back in 2014

NL Times  

The ABN AMRO board of directors already knew about the problems with money laundering in 2014, but stopped a research project into this in collaboration with the Public Prosecution Service at the last minute. In June 2014, ABN AMRO stopped a project to combat money laundering based on a big data study. Eventually, the OM launched a criminal investigation into ABN Amro for money laundering and terrorism financing in 2019. Reports claim that the OM's investigation officially started looking into the role played by ABN Amro's former board of directors, under the leadership of Gerrit Zalm, in January 2021.

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Former CEO will not be prosecuted for money laundering scandal at ING
6 days, 17 hours ago

Former CEO will not be prosecuted for money laundering scandal at ING

NL Times  

The Public Prosecution Service has decided against prosecuting former ING CEO Ralph Hamers for his role in a money laundering scandal at the bank. "Although it must be concluded in retrospect that the measures taken internally by ING at the time were insufficient, the Public Prosecution Service concludes that the investigation has not yielded sufficient evidence that would justify the …

Criminal investigation launched against Rabobank for money laundering
2 years ago

Criminal investigation launched against Rabobank for money laundering

NL Times  

The Public Prosecution Service launched a criminal investigation into Rabobank. The bank is suspected of non-compliance with the Money Laundering and Terrorism Prevention Act “and the consequences thereof,” the OM said on Wednesday evening. “The investigation focuses on Rabobank’s role as gatekeeper for the purpose of combating money laundering and terrorist financing,” the OM said. “No further announcements will be …

ABN Amro facing more money laundering suspicions
3 years, 9 months ago

ABN Amro facing more money laundering suspicions

NL Times  

The Public Prosecution Service added another charge to its investigation into money laundering at ABN Amro. The OM believes that ABN Amro had suspicions about money laundering happening through the bank, but did not intervene. A money laundering investigation at ING followed a similar route, with the bank first being suspected of failing to report suspicious transactions on time, and …

Investigation launched into ABN Amro board's role in money laundering: Report
3 years, 11 months ago

Investigation launched into ABN Amro board's role in money laundering: Report

NL Times  

The Public Prosecution Service is officially investigating what role ABN Amro's former board of directors, under the leadership of Gerrit Zalm, played in failing controls on money laundering at the bank, Financieele Dagblad reported. The OM launched its investigation into money laundering and terrorism financing at ABN Amro in 2019. Last year a court forced the OM to start a …

ABN Amro board questioned in money laundering investigation
4 years, 4 months ago

ABN Amro board questioned in money laundering investigation

NL Times  

ABN Amro's full board of directors was questioned by the Tax Authority's investigative department FIOD over the past months in an ongoing investigation into money laundering at the bank, sources reported to De Telegraaf. In September last year the Public Prosecution Service announced that it was investigating ABN Amro for money laundering and terrorism financing. This followed a month after …

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