After ABN AMRO and ING, a third bank is the subject of a criminal investigation by the Public Prosecution Service for failing to combat money laundering.

This was announced by a spokesperson for De Nederlandsche Bank (DNB) after reporting by De Telegraaf.

Both the Public Prosecution Service and DNB do not state which bank is involved.

The spokesman for DNB refers to an earlier published letter to the House of Representatives from outgoing Minister of Finance Wopke Hoekstra.

It states that, in addition to the recent ABN AMRO case, DNB has introduced another "situation" in consultation with the Public Prosecution Service and the FIOD investigation service.

Both cases would then have been picked up by the Public Prosecution Service in the form of a criminal investigation.

A settlement of 480 million euros has now been reached with ABN.

The status of the investigation into the third bank is not disclosed due to confidentiality.

Although the case between ABN and Justice has been settled, the Public Prosecution Service is still investigating individual directors who led the bank in the past, including former CEO Gerrit Zalm.

A similar case happened at ING a few years ago.

In 2018, that bank reached a settlement with the Public Prosecution Service for 775 million euros.

Rabobank previously paid for faulty checks

Rabobank, the third largest Dutch bank, previously had to pay a penalty of 500,000 euros because of inadequate money laundering controls.

At the end of 2019, it came to light that the group had to re-screen tens of thousands of customers for possible money laundering risks by order of DNB.

The supervisor later checked whether Rabobank had put its affairs in order.

But that turned out not to be the case.

When asked whether the bank still expects steps from, for example, the Public Prosecution Service, a spokesperson said that Rabobank "has no insight into concrete follow-up actions".

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