Text size

ABN Amro Private Banking Dubai fined for AML “shortcomings”, sacks nine

The Dutch bank has been fined more than US$1 million for “serious shortcomings in the client acceptance and risk management processes, aimed at preventing money laundering” at its private banking branch in Dubai. In a statement, the bank said it was fined 625,000 euros (US$680,000) by Dutch central bank De Nederlandsche Bank and US$$640,000 by the Dubai Financial Services Authority. It…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]