Rabobank pleads guilty, agrees to pay $360 million over processing illicit funds


(Reuters) – Dutch cooperative bank Rabobank [RABO.UL] on Wednesday agreed to forfeit over $360 million and pleaded guilty to conspiracy to defraud the United States over processing illicit funds in violation of Bank Secrecy Act and anti-money laundering regulations, according to the U.S. Department of Justice. Reporting by Karen Freifeld, editing by G CrosseOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters