Robobank news and trends

Rabobank Pays $368M Fine Over Illicit Funds

February 08, 2018
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Rabobank Pays $368M Fine Over Illicit Funds

February 08, 2018
Rabobank, a California unit of the Dutch cooperative, agreed Wednesday (Feb. 7) to turn over $368 million for processing funds that were tied to illicit activity, such as drug trafficking. According to a report in Reuters, Rabobank pleaded guilty in federal court to conspiring to obstruct regulatory oversight. The U.S. Department of Justice (DoJ) claimed […]