U.S. Agrees with Former ABN AMRO Bank to Forfeit $500 Million Forfeiture For Sanctions Violations, Fraud, and Violation of the Bank Secrecy Act

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Thursday, July 1, 2010

Author:

Bruce Zagaris

Volume:

26

Issue:

7

Abstract:

On May 10, 2010, the U.S. Department of Justice announced that the former ABN AMRO Bank N.V. has agreed to forfeit $500 million to the U.S. in connection with a conspiracy to defraud the U.S., to violate the International Emergency Economic Powers Act (IIEPA) and to violate the Trading with the Enemy Act (TWEA), as well as a violation of the Bank Secrecy Act...(more)...