ABN Amro fined €8.5 million over money-laundering checks
ABN Amro fined €8.5 million over money-laundering checks July 9 (Reuters) - Dutch bank ABN Amro ABNd.AS was fined 8.5 million euros ($9.9 million) by regulator De Nederlandsche Bank (DNB) for structural shortcomings in due diligence checks on high-risk customers in files reviewed between September 2023 and September 2024.
ABN Amro said it accepted the fine and regretted failing to meet the standards expected in safeguarding the integrity of the financial system.
(Reporting by Hugo Lhomedet; Editing by Matt Scuffham)
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