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Rabobank does not want new customers from professional football for fraud risks

2019-08-20T07:23:14.846Z

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.

DNB also wrote at the time that banks could do more to limit the integrity risks of football players.

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

More effort on customer risks

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.

According to NRC , Rabobank sometimes uses current relationships to adjust clubs. For example, Roda JC and FC den Bosch threatened to cancel the bank account when controversial foreign investors applied for a takeover.

Source: nunl

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