ABN AMRO Bank N.V.

ABN AMRO Bank N.V. reached a €480 million settlement with the Dutch Public Prosecution Service for sustained AML failures including inadequate customer due diligence, insufficient transaction monitoring, and failure to file suspicious transaction reports in a timely manner. Prosecutors established that ABN AMRO had been aware of the compliance deficiencies for years and had failed to implement adequate remediation, with shortcomings identified across the bank's operations between 2014 and 2020. The bank admitted to serious structural failures in its AML programme.