RBS probing money laundering practices

Wednesday, 06. March 2019 10:28

The Royal Bank of Scotland (RBS) confirmed on Wednesday that it is looking into issues concerning money laundering. According to the bank, an internal investigation was launched after a report emerged stating that several European banks have been involved in Russian money laundering schemes.

Dutch Bank ABN Amro Group NV, which has been part of RBS since 2008, has been named among the banks that have allowed the laundering of dirty money from Russia. According to the Dutch media, €190 million has been moved through one of the bank's units.

Other European financial giants such as Deutsche Bank, Danske Bank and Raiffeisen Bank are also among those accused of allowing money launder schemes.

Related Links: Raiffeisen Bank International AGDeutsche Bank AGDanske Bank A/SNatWest Group
Baha Breaking News (BBN) / VK