February 7, 2018
Posted April 30, 2018
Rabobank National Association, the California subsidiary of Netherlands-based Coöperatieve Rabobank U.A., pleaded guilty to concealing deficiencies in its anti-money laundering (AML) program and for obstructing the OCC’s examination of Rabobank. Rabobank will forfeit roughly $369 million as a result of allowing illicit funds to be processed through the bank without adequate Bank Secrecy Act or AML review. DOJ
Tagged in: Financial Institution Fraud, Money Laundering,