Dutch financial giant – ABN AMRO Bank – has accepted a settlement offer from the Dutch Public Prosecution Service (DPPS).

This is in connection with the previously announced investigation by the DPPS into ABN AMRO's compliance with its obligations under the Dutch Anti-Money Laundering and Counter Terrorism Financing Act between 2014 and 2020. 

As part of this settlement, ABN AMRO will pay €480 million.

The DPPS had identified serious shor...