Stocks

Dutch banks ABN Amro, ING fall after money laundering report

Reuters

LONDON, March 5 () - Dutch banks ABN AMRO and ING fell on Tuesday after a magazine report on a money laundering investigation alleged billions had been channelled through European banks, including the top three Dutch lenders.

The report in magazine De Groene Amsterdammer was part of an investigation by the Organised Crime and Corruption Reporting Project (OCCRP), which published an article on alleged money laundering through Russia'sTroika Bank on Monday.

Shares in ABN AMRO fell as much as 4.6 percent and were down 3.6 percent at 1026 GMT. ING fell 2.3 percent.

ABN Amro last month said it had stepped up its fight against money laundering and other criminal activities, booking 85 million euros in extra costs in the second quarter.

($1 = 0.8833 euros)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More