Our fight against financial crime in 60 seconds

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Criminals abuse our financial system. We need to stop this and prevent it from happening. Particularly since the Dutch public prosecutor announced in September that ABN AMRO is the subject of an investigation.

In recent years, we’ve invested a lot in combating abuse of our bank. We’ve hired some 2,000 people to analyse potentially suspicious financial transactions. Detecting financial crime is a complex topic, but we’ve tried to explain it in 60 seconds.

Length: 1 minute

What is money laundering?

Money laundering is the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. The money is often revenue from drug trafficking, but could also be money earned by theft, human trafficking or fraud. Financing of terrorism is often related to money laundering; in this case, criminals try to conceal the purpose of their transfers.

What is ABN AMRO doing to fight money laundering?

‘Banking for better, for generations to come’ – that’s our purpose. Of course, a better world starts with a financial system that’s used fairly. We have a zero-tolerance policy when it comes to criminals or terrorists abusing our banking system. Smart analysis of financial transactions can help us stop and prevent this crime. We’ve hired about 2,000 digital detectives to do this and have also made significant investments in product innovation and digitalisation.

Click here to read more about how money laundering works and how we deal with suspicious financial transactions.


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