ABN AMRO’s response to AFM decision to impose a fine

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22 November 2019, 0:10 am

Today, the Dutch Authority for the Financial Markets (AFM) published a decision to impose a fine on ABN AMRO.

AFM has found that ABN AMRO wrongly failed to advise the market of the succession process for its then CEO between June 2016 and September 2016 after the daily newspaper Het Financieele Dagblad reported on the matter. AFM is therefore imposing a EUR 2 million fine on the bank.

ABN AMRO takes note of the AFM’s decision and is reviewing it.