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ABN AMRO hit with new controversy as the bank reels from plummeting share prices

Premium March 23, 2021

The new allegation could mean that the bank was aware of money laundering activities but did not act upon it — potentially leading to a higher fine and criminal charges against bank executives. Image: Donald Trung Quoc Don (Chữ Hán: 徵國單) - Wikimedia Commons

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

Scandal-ridden Dutch Bank ABN AMRO has found itself embroiled in further controversy after it’s been claimed the financial institution did not have appropriate anti-money laundering checks until 2019.

Dutch newspaper Financieele Dagblad claims the Bank failed to implement essential money laundering control systems until 2019, despite the Dutch Financial Supervisor, DNB stressing the importance of anti-money laundering regimes.

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Premium

NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

 Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

Regulatory Watch News

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    MONEYVAL

    MONEYVAL has officially launched its 6th round of mutual evaluation of Armenia. In this context, a high-level exchange was held, with the participation of the Governor of the Central Bank of the Republic of Armenia, the Chairman of the Interagency Committee on combating money laundering, terrorism financing and proliferation financing of Armenia (Interagency Committee) and the Chair of MONEYVAL, Mr Nicola MUCCIOLI. The intervenors stressed the importance of the assessment process and the commitment of the country’s authorities to its success.

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    European Public Prosecutor's Office

    (Luxembourg, 22 November 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria), ten searches were carried out on Wednesday, in a probe into suspected subsidy fraud involving the restoration of a church, funded by the EU.  During the searches, conducted in Burgas, Petrich, Rila and Sofia, documents and evidence were seized. 

  • Korean Ambassador, Kim Pankyu Lauds EFCC’s Anti-corruption Fight

    EFCC

    The Korean Ambassador to Nigeria, Kim Pankyu, has commended the Economic and Financial Crimes Commission, EFCC, on its sustained efforts to stamp out economic and financial crimes and corruption in the country. He gave the commendation in Lagos on Thursday, November 21, 2024 when he led a delegation on a courtesy visit to the office of the acting Director of the Lagos Zonal Directorate of the EFCC,  Michael T. Wetkas. Speaking during the brief meeting, Pankyu praised the EFCC for its tireless efforts in combating economic and financial crimes in the country and also pledged to support its activities.

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