I’M SORRY:‘We have failed and we offer you our sincere apologies’ ABN AMRO Chief says bank takes responsibility for AML violations in mass email to customers
Dutch Bank ABN AMRO and CEO Robert Swaak have begun the process of attempting to rebuild the bank’s reputation following a major money laundering settlement earlier this week.
On Monday, news surfaced that the third largest bank in the Netherlands would pay a financial penalty of €480M.
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Pharmaceutical Manufacturer Assertio Therapeutics Inc. Agrees to Pay $3.6M to Resolve Allegations that It Violated the False Claims Act in Connection with Marketing its Fentanyl Product
US Department of Justice
The Justice Department announced today that Assertio Therapeutics Inc., formerly known as Depomed Inc., (Assertio), a pharmaceutical company headquartered in Lake Forest, Illinois, has agreed to pay $3.6 million to resolve claims that Assertio violated the False Claims Act (FCA) by causing the submission of false claims for the transmucosal immediate-release fentanyl (TIRF) drug Lazanda for individuals who did not have breakthrough cancer pain.
Bruna Szego addresses the public for AMLA in Dublin
AMLA
At the European Anti-Financial Crime Summit in Dublin, Ms. Bruna Szego, the inaugural Chair of the European Anti-Money Laundering Authority (AMLA), delivered a keynote speech, to an audience of public and private sector stakeholders, highlighting the Authority’s strategic priorities and the urgent need for unified, cross-sector action against financial crime.
Ms. Szego underscored the transformative potential of AMLA, describing it as "a significant step ushering in a new chapter of enhanced cooperation and unified action in our shared mission to counter money laundering and terrorism financing."