UPDATE 2-Danske Bank CEO quits after being named a suspect in Dutch probe into ABN Amro Reuters 3 hrs ago
COPENHAGEN, April 19 (Reuters) - The chief executive of Denmark s Danske Bank resigned on Monday after Dutch authorities named him as a suspect in an investigation into violations of money-laundering regulations at lender ABN Amro .
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.
ABN AMRO pays multimillion fine in money laundering probe
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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)
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 “serious shortcomings” in tackling money laundering, prosecutors and the bank said Monday.
ABN Amro to pay €480m to settle money laundering investigation out of court
Photo: DutchNews.nl
ABN Amro has agreed to pay €480m in an out of court settlement for violating Dutch anti-money laundering and counter terrorism funding rules, the public prosecution department said on Monday.
The bank had broken the law for ‘a number of years and on a structural basis’, the department said. In addition, three former members of the bank’s board of directors have been identified as suspects who were effectively responsible for breaking the law.
The criminal investigation revealed that over a number of years, ABN Amro fell seriously short of compliance with the law, the department said. In total, 56% of the bank’s shares are still in government hands following its nationalisation in 2008.
Danske Bank CEO resigns after being named a suspect in Dutch probe Dutch authorities named him as a suspect in a probe into violations of money-laundering regulations at Dutch lender ABN Amro
about an hour ago
Vogelzang took the helm of Danske Bank in June 2019, with a mandate to steer Danske through one of the world’s biggest money-laundering scandals.
Danske Bank chief executive Chris Vogelzang resigned on Monday after the Dutch authorities named him as a suspect in a probe into violations of money-laundering regulations at Dutch lender ABN Amro, Danske Bank said in a statement.
“I am very surprised by the decision by the Dutch authorities,” Vogelzang said in a statement, adding 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