In July 2020, five Dutch banks launched an ambitious, first-of-its-kind collaboration to shine light on the estimated 16 billion euros (U.S. $17.4 billion) worth of illicit funds coursing through the Netherlands’ banking system every year.
ABN AMRO, ING, Rabobank, Triodos Bank, and de Volksbank, which together hold approximately 77 percent of the Netherlands’ banking market, formed an organization that would search for patterns of potential money laundering activities in the business banking accounts of all five institutions.
