Home Business ABN Amro to settle cash laundering probe for $574 million By Reuters

ABN Amro to settle cash laundering probe for $574 million By Reuters


© Reuters. FILE PHOTO: ABN AMRO emblem is seen on the headquarters in Amsterdam

AMSTERDAM (Reuters) – Dutch financial institution ABN Amro on Monday mentioned it’s going to pay a positive of 480 million euros ($574 million) to settle a felony investigation into cash laundering by prosecutors within the Netherlands.

The positive was the result of a settlement with Dutch prosecutors who in 2019 mentioned ABN Amro, certainly one of three dominant lenders within the Netherlands, had didn’t detect cash laundering and different felony actions by its purchasers for years.

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