Which authority is recorded against ABN AMRO Bank N.V.?

The entry is recorded against Openbaar Ministerie (Dutch Public Prosecution Service), in the Netherlands jurisdiction, under the theme AML controls · transaction monitoring.

What is the current status of this entry?

Status: Concluded — settlement. Last recorded change: 19 April 2021. The matter arose or was first recorded on 19 April 2021.

How was this matter brought to light?

Criminal investigation. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for NL-2021-01 be checked?

The entry links to Reuters — ABN AMRO settlement, 19 April 2021.

NL-2021-01 · Netherlands · 2021

ABN AMRO accepts a EUR 480m settlement over anti-money-laundering failings

The Dutch prosecutor concluded that the bank had for years failed to meet obligations under the anti-money-laundering law; the bank accepted a EUR 480m settlement comprising a fine and disgorgement.

Amsterdam bank facade at night, illustrating the ABN AMRO settlement — Illustrative image · ABN AMRO Bank N.V.

Institution: ABN AMRO Bank N.V.
Authority: Openbaar Ministerie (Dutch Public Prosecution Service)
Status: Concluded — settlement
Theme: AML controls · transaction monitoring
Raised by: Criminal investigation
Jurisdiction: Netherlands
Matter arose: 19 April 2021
Last recorded: 19 April 2021
Amount: EUR 480m

What the sources record

The settlement of 19 April 2021 comprised a EUR 300m fine and EUR 180m disgorgement.

The prosecutor stated that the bank had been a suspect since 2019 in relation to client files in its Dutch retail business.

Former officers were separately named as suspects in the same investigation.

Timeline

2019-09-26
Bank confirms it is a suspect in the prosecutor's investigation.
2021-04-19
EUR 480m settlement announced.

Primary sources

Reuters — ABN AMRO settlement, 19 April 2021

Questions and answers on this entry

What does register entry NL-2021-01 record?: ABN AMRO accepts a EUR 480m settlement over anti-money-laundering failings. The Dutch prosecutor concluded that the bank had for years failed to meet obligations under the anti-money-laundering law; the bank accepted a EUR 480m settlement comprising a fine and disgorgement.
Which authority is recorded against ABN AMRO Bank N.V.?: The entry is recorded against Openbaar Ministerie (Dutch Public Prosecution Service), in the Netherlands jurisdiction, under the theme AML controls · transaction monitoring.
What is the current status of this entry?: Status: Concluded — settlement. Last recorded change: 19 April 2021. The matter arose or was first recorded on 19 April 2021.
How was this matter brought to light?: Criminal investigation. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for NL-2021-01 be checked?: The entry links to Reuters — ABN AMRO settlement, 19 April 2021.

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