ABN Amro will screen all their private clients (Yeah, that’s you!)

ABN Amro will start monitoring all its private customers, so yeah, that means you too. This move is ordered by the central Dutch bank  (De Nederlandsche Bank aka DNB) reports the NOS.

The regulator wants the bank to detect financial crime, fraud and money laundering among it’s customers. It is unclear whether there are shortcomings in the audit of customers and whether a fine is imminent for ABN Amro.

ABN Amro is one of the most popular banks among expats and internationals in the Netherlands. It’s also unclear what’s exactly happening and how they are going to check your personal stuff (can they even, legally, do all that?).

Extra checks by ABN Amro already in place

Since the end of last year, there have been many new and additional checks on the payments and transactions of private bank customers of ABN Amro. ABN Amro has reserved 114 million euros to carry out the additional controls that have now been imposed in the coming period.

Competitor and other big Dutch bank ING reached a record settlement of 775 million euros with the Public Prosecutor office last year, due to shortcomings in checking shady customers and suspicious cash flows.

Are you with ABN Amro? Why? 

Abuzer van Leeuwen 🇳🇱
Abuzer van Leeuwen 🇳🇱http://www.abuzervanleeuwen.nl
Abuzer founded DutchReview a decade ago because he thought expats needed it and wanted to make amends for the Dutch cuisine. He has a Masters in Political Science and IT but somewhere always wanted to study history or good old football. He also a mortgage in the Netherlands and will happily tell you too how to get one. Born and raised in Rotterdam, Abuzer now lives in Leiden but is always longing back to his own international year in Italy.

1 COMMENT

  1. In 2007 I stood around Rabobank for 15 minutes being ignored and/or blown off by their staff. I gave up and walked across Dam Sq. to ABN AMRO, where I was promptly helped. That’s why I’m a customer.

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