ABN Amro Reports Q1 Net Loss After Money Laundering Fine

ABN Amro Reports Q1 Net Loss After Money Laundering Fine

by | May 14, 2021 | Banks

Dutch bank ABN Amro reported a net loss of €54mn ($66mn). The losses were mainly on account of accepting a settlement offer of €480mn ($580mn) from the Dutch Public Prosecution Service as the outcome of an anti-money laundering (AML) investigation. ABN said that...
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