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originally posted by: cherokeetroy
Dutch Prosecutors Investigating 'Money Laundering & Terrorism Financing' Violations At ABN Amr
As avid Zero Hedge readers are probably aware, a wave of money laundering scandals has swept across the European banking sector over the past two years, exposing gaping holes in both individual banks' compliance schemes and the EU-wide regulatory framework which, according to critics, is routinely exploited by criminals from the former Soviet Union and...possibly even certain heads of state.
And the latest bank to be swept up in the controversy is perennially troubled Dutch lender ABN Amro, which is still majority-owned by the Dutch state after being bailed out during the financial crisis. Bloomberg reports that the Dutch lender has disclosed a criminal probe into alleged AML and KYC failures. Specifically, the bank is being investigated for possible violations of a Dutch anti-money laundering and terrorist-financing law.
doesn't look good for banks
originally posted by: PilSungMtnMan
a reply to: butcherguy
Not on twitter so link doesn’t work. What was the question?
Senator Elizabeth Warren appears uncharacteristically flustered when asked if her ethics plan would allow her Vice President's son to serve on the board of a foreign company: "No," she said. "I don't know. I mean I’d have to go back and look at the details."
Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled