By AML Intelligence Correspondents THE Dutch Central Bank (DNB) has imposed a €5 million fine on de Volksbank for persistent failures in its anti-money laundering (AML) controls, citing serious and long-standing deficiencies in risk monitoring and transaction surveillance. Following an extensive examination, DNB found that de Volksbank failed to properly assess, monitor, and mitigate money…
AML, Banking, Compliance, EU/Europe, Financial Crime, Regulatory
NEWS: Dutch regulator fines Volksbank €5 million over serious, persistent AML failures
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FINED: Our file photos shows the De Volksbank in Utrecht.