16th September 2019
Five of the largest Dutch banks are exploring jointly monitoring transactions in the fight against money laundering. Firms including ING Groep NV, Rabobank and ABN Amro Bank NV are studying whether a joint venture is feasible given “the technical and legal challenges involved,” Dutch banking association NVB said in… Read More
6th September 2019
Ever since the 2008 financial crisis, US financial misconduct fines have led the world.  However, defenders of Europe’s more collegiate approach to tackling banks’ money-laundering shortcomings say US banks also lead the world for de-risking, shunning some of the globe’s poorest countries from access to the dollar system. … Read More
21st August 2019
Dutch cooperative bank Rabobank has decided not to take on any more professional football clubs as clients because of the risk of ‘money laundering, corruption, fraud and other issues’, the NRC said on Tuesday. The paper has seen an internal memo to staff which states ‘these clients would appear… Read More
14th August 2019
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s… Read More
12th August 2019
It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More
9th August 2019
ABN Amro (ABNd.AS) said it faces possible money laundering fines, which combined with a gloomy interest rate outlook overshadowed an unexpected quarterly profit rise, knocking the Dutch bank’s shares on Wednesday. The Dutch central bank (DNB) has ordered ABN to review all retail clients in the Netherlands for… Read More
2nd August 2019
ING Group NV wins hundreds of thousands of new customers every quarter but that’s still not enough to overcome the effects of lower interest rates and increased costs to tackle money laundering. The Amsterdam-based lender added almost a million primary clients in the last 12 months to reach 12.9… Read More
24th July 2019
The US regulator of national banks on Tuesday disclosed a $50,000 civil monetary penalty against the former general counsel of Rabobank N.A. for concealing a critical report on the lender’s anti-money laundering (AML) program. The fine by the Office of the Comptroller of the Currency (OCC) targets Daniel Weiss for… Read More
17th July 2019
The Mercedes-Benz limousines seen chauffeuring around North Korean leader Kim Jong Un this year have stumped outsiders over how the sanctions-hit regime obtained the luxury rides. But researchers now believe they have unearthed the Kim regime’s smuggling secret: It takes three cargo jets, about four months and five countries. A… Read More
26th June 2019
British and Dutch officials have arrested six individuals for their alleged roles in stealing €24 million in cryptocurrency from thousands of victims in a dozen countries. The suspects—five men and one woman—were arrested Tuesday morning in the UK’s Lower Weston and Staverton and the Dutch cities of Amsterdam and Rotterdam,… Read More