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Multimillion-euro fine for ABN Amro over flawed anti-money laundering controls

Multimillion-euro fine for ABN Amro over flawed anti-money laundering controls

The Dutch Central Bank (DNB) has imposed an 8.5 million euro fine on ABN Amro for structural shortcomings in its anti-money laundering controls regarding high-risk clients. The bank failed to properly implement necessary compliance measures to detect and prevent financial crimes.

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