MEDIUMVulnerability
Global
ABN Amro punished for AML shortcomings
·Source: Finextra
Updated:
Executive Summary
ABN AMRO has taken note of the decision by De Nederlandsche Bank (DNB) to impose an administrative fine of EUR 8.5 million in relation to structural shortcomings in the execution of due diligence for a part of its high-risk customers.
Analysis
ABN AMRO has taken note of the decision by De Nederlandsche Bank (DNB) to impose an administrative fine of EUR 8.5 million in relation to structural shortcomings in the execution of due diligence for a part of its high-risk customers.