Dutch national daily newspaper NRC today ran an article on ABN AMRO discussing transaction monitoring and - reporting.
On 26 September 2019, ABN AMRO announced that the bank is the subject of an investigation relating to requirements under the Act on the prevention of money laundering and financing of terrorism (Wwft). ABN AMRO is cooperating fully with the investigation. The public prosecutor indicated that the investigation includes whether we have complied with the Wwft in relation to having client files in good order, timely reporting unusual transactions and discontinuing relations with clients in good time. Under the investigation, the public prosecutor has also requested client information. ABN AMRO is unable to issue any further statements on the ongoing investigation.
Detecting potential suspicious transactions
