Dutch bank ABN Amro subject to money laundering investigation
Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today.
Prosecutors said they believe that ABN Amro reported suspicious transactions too late or not at all over a lengthy period.
They also said the bank failed to conduct proper investigation of client behaviour and did not sever ties with suspect clients in a timely fashion.
They did not disclose over what period the alleged failures occurred.
