Reported by: AFP – Agence France Presse

Dutch prosecutors are probing Rabobank for contravening anti-terror financing and money laundering legislation, the Netherlands’ second-largest money-lender announced on Wednesday.

Rabobank’s announcement followed a Dutch Central Bank (DNB) civil probe ending last year in a half-a-million euro fine against the bank, as well as a recommendation that a criminal probe should be opened.

“The Dutch Public Prosecution Service has informed Rabobank that it has been designated as a suspect in connection with violations of the Money Laundering and Terrorist Financing Prevention Act,” Rabobank said in a statement.

“An investigation is underway into this,” it added in the statement, without giving details.

Read full report: https://www.barrons.com/amp/news/dutch-rabobank-in-money-laundering-terror-finance-probe-01670445907