The Public Prosecution Service (OM) has decided to sue Rabobank. According to the OM, the bank has systematically violated the Money Laundering and Terrorist Financing Prevention Act (Wwft). For years, the bank failed to conduct customer research and report unusual transactions.
The investigation was prompted by a report from De Nederlandsche Bank (DNB). The investigation focused on the period from October 2016 to the end of 2021 and is in the final phase.
Violating this law can have significant social and economic consequences. Money laundering and terrorist financing pose a threat to the integrity of the financial system and the safety of Dutch society.
The OM and the defense will schedule court dates with the court.