ABN AMRO accused of ignoring money laundering signals


June 27, 2018

The Belgian branch of ABN Amro ignored signals that controversial clients may be involved in money laundering and did not do any extra research into these clients because of such signals, Trouw reported on Wednesday based on internal ABN Amro emails the newspaper has in its possession.

According to the newspaper, this involves clients that even Mossack Fonseca – the company that forms the heart of the tax haven scandal in the  – stopped doing business with. Mossack Fonseca reported suspicions of money laundering against at least one of them.