Dutch Rabobank investigated for suspected money laundering violations

Dutch Rabobank investigated for suspected money laundering violations

The bank is suspected of non-compliance with the Money Laundering and Terrorism Prevention Act

Dutch prosecutors are probing Rabobank for contravening anti-terror financing and money laundering legislation, the Netherlands’ second-largest money-lender announced on Wednesday

At the beginning of 2021, Rabobank already had to pay a penalty of 480 million euros ($506.6 million) for compliance failures