ABN Amro has unknown number of customers of its Dubai office sent away, they met under the bank does not meet the “high standards worldwide for ABN Amro customer acceptance and transaction handling.
That, ABN Amro announced Monday in a press release. The bank has been for some time now 1100 customers of ABN Amro Private Banking office in Dubai by taking the. Meanwhile, the bank has 60% of the 1100 customers re-evaluated. Part of this customer relationship has ended.
Top expelled
Afgelopen March reported the FD that the bank virtually the entire top of her successful private banking desk in Dubai had sacked. The reason was the discovery of massive embezzlement involving employees of the office were involved.
According to ABN Amro have so far found evidence that an employee in Dubai was involved in an unusual transaction. He received an amount and then transferred by his private account at another bank to an account of a third party. Thus he violated the rules and internal guidelines.
Control
‘De transaction was conducted through accounts at other banks through which this was visible in any way, or could be, for the internal control of ABN Amro ‘, says the bank. “There are no customers of ABN Amro or other third-party funds embezzled, and there are no complaints or claims from customers.
According to ABN Amro, the bank has so far no loss or damage. The internal investigation will be completed in the fourth quarter of this year. In addition, the local regulator DFSA and De Nederlandsche Bank (DNB) is still conducting an investigation.
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