Rabobank probed by Dutch prosecutors over potential AML violations


Rabobank, the second largest bank in the Netherlands, is being investigated by the Dutch Public Prosecution Service for potential violations of the country’s anti-money laundering/countering the financing of terrorism (AML/CFT) law.

The bank is “fully cooperating” with the probe, it said in a press release Wednesday. Rabobank said it could not provide any further information on the matter.

Rabobank’s alleged AML/CFT shortcomings date back to at least September 2018, when the Dutch Central Bank (DNB) ordered Rabobank to improve its customer due diligence practices.

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