ABN Amro, the 3rd largest bank in the Netherlands, announced on April 19 that it will pay 480 million euros (NT $16.2 billion) to settle with the prosecution after a money laundering investigation.
The prosecution, which launched the investigation in 2019, said the Amsterdam-based ABN Amro failed to adequately supervise bank accounts and failed to notify “unusual transactions” or else was too late to do so.
In a statement, the Dutch bank admitted that “between 2014 and 2020, the Dutch bank…failed to fulfill its role as gatekeeper against money laundering.”
The statement also mentioned that “ABN AMRO has accepted a settlement of €480 million from the Public Prosecution Service (PPS).”
Former ABN AMRO manager Chris Vogelzang and former CEO Gerrit Zalm also announced today that they will resign from their current positions at Danske Bank in Denmark as a result of these findings.
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