The second-largest bank in the Netherlands has failed to settle a long-running investigation into systemic anti-money laundering violations, the Dutch Public Prosecution Service, OM, disclosed Wednesday, setting the stage for criminal proceedings to begin in Amsterdam. Rabobank's troubles began when examiners with De Nederlandsche Bank, or DNB, the country's central bank and primary AML supervisor, found flaws in the lender's vetting of customers, monitoring of transactions and reporting of unusual payments over a period ranging from 2016 to 2021. DNB consequently fined Rabobank €500,000 in October 2021 and ordered the lender to fully eliminate all shortcomings by the end of...