File photo: Chris Vogelzang in 2011 when he worked for ABN Amro
Photo: AFP
Chris Vogelzang, who held some senior positions at Amsterdam-based ABN Amro between 2000 and 2017, said he was very surprised by the Dutch authorities decision, adding that his status as a suspect did not imply that he would be charged. However, given the special situation Danske Bank is in and the intense scrutiny the bank is under. I do not want speculations about my person to get in the way of the continued development of Danske Bank, Vogelzang said.
Vogelzang took the helm of Danske Bank in June 2019 with the job of steering Danske through one of the world s biggest money-laundering scandals, which involved 200 billion euros ($NZD335billion) in suspicious transactions passing through its Estonian branch between 2007 and 2015.
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(Reuters) -European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID-19 cases globally.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 16, 2021. REUTERS/Staff
The pan-European STOXX 600 index rose 0.1% after marking its seventh straight week of gains on Friday, while an index of euro zone shares rose 0.1% to touch its highest since September 2000.
Travel & leisure stocks rose 1.1% to an all-time high on optimism that ramping up of COVID-19 vaccination programmes will drive a quicker re-opening of European economies.
Mike Corder
The ABN AMRO head office is seen in the capital s business district, in Amsterdam, Netherlands, Monday, March 2, 2020. Dutch bank ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the state-owned bank of serious shortcomings in tackling money laundering, prosecutors and the bank said Monday, April 19, 2021. (AP Photo/Peter Dejong) April 19, 2021 - 3:19 AM
THE HAGUE, Netherlands - ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of âserious shortcomingsâ in tackling money laundering, prosecutors and the bank said Monday.
UPDATE 2-ABN Amro to settle money laundering probe for $574 mln Reuters 2 hrs ago
(Adds prosecution investigation into individuals ongoing, details)
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By Anthony Deutsch and Bart H. Meijer
AMSTERDAM, April 19 (Reuters) - Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its first-quarter results.
ABN Amro said in a statement it had agreed to pay a fine of 300 million euros and 180 million euros as disgorgement reflecting the seriousness, scope and duration of the identified shortcomings in combating money laundering.
The prosecution service said in a statement its investigation was ongoing and that three former board members, who it did not name, had been identified as suspects said to be effectively responsible for violation of the anti-money laundering act.
ABN to settle money laundering probe for US$574m
2021-04-19 HKT 14:44 Share this story
The Dutch bank says it s agreed to pay the fine, which reflects the seriousness, scope and duration of the identified shortcomings in combating money laundering. Image: Shutterstock Dutch bank ABN Amro on Monday said it had reached a 480-million-euro (US$574 million) settlement with prosecutors in the Netherlands over money laundering allegations, which will impact its first-quarter results.
ABN Amro said in a statement it had agreed to pay a fine of 300 million euros and 180 million euros as disgorgement reflecting the seriousness, scope and duration of the identified shortcomings in combating money laundering.