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Dutch Prosecutors Drop AML Cases Against Bank Executives
Following four-year investigations into anti-money laundering failures, Dutch prosecutors dropped criminal cases against former ING CEO Ralph Hamers and four unnamed ABN AMRO executives. While acknowledging insufficient actions to address systemic weaknesses allowing money laundering at both banks, prosecutors found insufficient evidence to establish criminal liability. The investigations concluded that although improvements were needed, available measures would not have swiftly eradicated the violations. Consequently, charges were dismissed for lack of convincing evidence of individual criminal responsibility.
Published on 1 year ago