- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2022-12-08T19:38:00
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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The Office of the Comptroller of the Currency dismissed an enforcement action and withdrew a fine against the former chief compliance officer for the now-defunct U.S. branch of Rabobank N.A.
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