At the request of De Nederlandsche Bank (DNB), ABN AMRO will check all its private customers. The supervisor wants the bank to better seek out financial crime among customers, such as money laundering and tax fraud. This makes the bank known on Wednesday when the quarterly figures are published.
What DNB has seen exactly at the bank is not known. ABN AMRO itself says that the problems are mainly with the customer files: they would not be in order. This means that all dossiers of the five million customers of ABN are checked.
“For example, We need to know exactly what people are doing with their account. Do they only do normal transactions or, for example, commercial transactions? “, explains ABN AMRO-Topman Kees van Dijkhuizen According to the NOS in an explanation after the end of the presentation of the half-yearly figures.
“We also need to assess the risk of a customer. This is ultimately important for controlling money laundering, but also checking whether there is a risk of terrorist financing, “says Van Dijkhuizen. There may be a fine of DNB, but nothing is known about it at the bank.
It is not clear whether other Dutch banks should also inform their private customers. In a response to NU.nl, DNB is able to say nothing about it.
ABN puts extra money into investigation into suspicious transactions
ABN AMRO puts 114 million euros into an improvement plan for the department investigating suspicious transactions and dubious customers of the bank’s retail branch.
“There are now more than a thousand employees devoted to research on financial crime and this number will increase considerably in the coming years,” writes Topman Van Dijkhuizen. The research will not only be done by employees, ABN AMRO will also use computers in the research.
Last year, a competitor of ABN, ING, reached a settlement with the Public Prosecutor’s office because of shortcomings in the investigation of suspicious cash flows and customers.
Can ABN AMRO just check the five million customers?
The bank is now going to check five million private customers, can that be?
The Dutch Data protection Authority says to NU.nl that no specific investigation has been carried out on the matter, but that a bank may conduct a client survey under the Law on the Prevention of money laundering and terrorist Financing (WWFT). The client survey may also be done to indicate unusual transactions.
By: NU.nl
