‘Rabobank in US accused of money laundering’ – nrc.nl

'Rabobank in US accused of money laundering' – nrc.nl

Photo ANP / Bart Size

Economy

The US authorities have launched an investigation into possible money laundering at branches of Rabobank. The Bank’s branches in California would have ignored signals that money was laundered.

That Bloomberg reports based on insiders. Rabobank has 120 branches in California. The authorities tend to look at the stores that are near the border with Mexico. The money would be laundered, is partly of drug cartels.

The Rabobank is this still by the Ministry of Justice

monitored because of the manipulation of the Libor interest rate. That case came to light in 2013 and led to a settlement in which the thanks had to pay 774 million euros.

In that year, the US authorities expressed their concerns about the controls on money laundering at the bank, which would be insufficient. The bank went agree to the publication of reports on the steps that have been put on a regular basis to improve controls

Read on NRCQ:. This is Wiebe Draijer 2015 change to Rabobank and Rabobank came out well with Libor settlement? (€)

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