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ABN Amro stops its financing of North America oil and gas sector

Dutch bank ABN Amro said it is ending its financing of the oil and gas sector in North America. The portfolio includes loans made to about 75 businesses in the North American energy markets with a volume of 1.5 billion U.S. dollars. "As a result of the sale, ABN AMRO withdraws from oil and gas related lending in North America." …

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'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 …