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Rabobank no longer accepts new customers from professional football

2019-08-20T07:01:52.275Z

Rabobank no longer accepts new customers from professional football. This confirms a spokesperson for the bank at NU.nl after reporting by NRC Handelsblad.


Rabobank no longer accepts new customers from professional football. This confirms a spokesperson for the bank at NU.nl after reporting by NRC Handelsblad .

The bank cites an investigation by regulator De Nederlandsche Bank (DNB) that professional clubs entail an increased risk of money laundering, corruption and fraud.

At the moment, 80 percent of the professional clubs already have an account with the bank. The spokesperson says that if integrity violations are found with existing customers, a "separation process" can be instituted. Whether this is already taking place, the bank cannot say.

The bank started in the summer with the stricter policy that comes from further measures taken by the entire sector to monitor clients for, for example, money laundering, corruption and fraud. After the substantial fine imposed on ING last year, banks are taking far more measures to prevent fraud.

The information officer therefore emphasizes that the policy for professional football organizations (GFAs) is no different than for other customers.

Source: nunl

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