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+--- Thread: Rabobank NA Pleads Guilty, Agrees to Pay Over $360 Million (/thread-3183.html)
Rabobank NA Pleads Guilty, Agrees to Pay Over $360 Million - Mystic Wanderer - 02-07-2018
Draining the Swamp is tiring work just trying to keep up with it all. I can't imagine how hard it must be for those "in the field".
Good job Guys! Keep it up!
Quote:As a Result of Rabobank’s Bank Secrecy Act and Anti-Money Laundering Failures it Processed over $360 Million in Illicit Funds and then Conspired with its Executives in an Attempt to Conceal These Ongoing Failures From its Regulator
Rabobank National Association (Rabobank), a Roseville, California subsidiary of the Netherlands-based Coöperatieve Rabobank U.A., appeared today before U.S. Magistrate Judge Jill L. Burkhardt and pleaded guilty to a felony conspiracy charge for impairing, impeding and obstructing its primary regulator, the Department of the Treasury’s Office of the Comptroller of the Currency (the OCC) by concealing deficiencies in its anti-money laundering (AML) program and for obstructing the OCC’s examination of Rabobank. Rabobank will forfeit $368,701,259 as a result of allowing illicit funds to be processed through the bank without adequate Bank Secrecy Act (BSA) or AML review.
Bet they wish they hadn't been such bad boys now, right?
Much more to read here: Source