News

An unidentified bank in the Netherlands potentially faces criminal charges after allegedly violating anti-money laundering rules, a representative of the country's central bank told ACAMS moneylaundering.com. Scrutiny of the lender, which officials have yet to name publicly, comes less than three years after ING triggered a record €775 million penalty and less than three months after ABN Amro agreed to pay €480 million to settle systemic, AML-related breaches following investigations by the Dutch Public Prosecution Service. De Nederlandsche Bank, the Netherlands' central bank and primary AML regulator, confirmed the existence of the investigation in response to questions from moneylaundering.com earlier...