Op risk data: Sanctions-busting fines cost banks $20bn

Also: ABN pays out for risk profiling fail; Deutsche settles nepotism charges. Data by ORX News

ABN Amro offices in Amsterdam

Jump to Spotlight: Bulgaria data breach | In Focus: Sanctions fines

In August’s largest operational risk loss, ABN Amro provisioned €114 million ($127.7 million) for a customer due diligence remediation programme after a probe by the Dutch central bank found that the lender had given most of its retail customers a neutral risk profile.

The central bank ordered ABN Amro to screen its five million retail customers in the Netherlands for criminal activity, including money laundering, and to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here