⚖Rabobank, National Association settles compliance program matters
A subsidiary of Dutch bank Rabobank has agreed to pay more than $368m (£265m) to resolve money laundering charges brought in the US.
The firm also pleaded guilty to trying to obstruct the examination by the US authorities.
Rabobank called the violations “regrettable and unacceptable”.
“Rabobank is fully committed to conducting business with the highest levels of integrity, which includes strict compliance with all applicable laws, regulations, and standards in each of the markets and jurisdictions in which it operates,” Wiebe Draijer, chair of Rabobank’s managing board, said in a statement.
https://www.rabobank.com/en/press/search/2018/20180207-rna.html
Rabobank NA Pleads Guilty, Agrees to Pay Over $360 Million
OPA | Department of Justice
https://www.justice.gov/opa/pr/rabobank-na-pleads-guilty-agrees-pay-over-360-million