ABN AMRO BANK (now known as Royal Bank of Scotland)
HQ Country of Company:
Netherlands
Agency:
New York Department of Financial Services
Location of Sentencing:
New York
Date:
Description:
ABN AMRO participated in transactions that violated Iranian and Libyan sanctions. Between December 2001 and April 2004, ABN AMRO’s overseas branches removed or revised references to entities in which the Governments of Libya and Iran had an interest before forwarding wire transfers, letters of credit, and U.S. dollar checks to ABN AMRO branches in New York, NY and Chicago, IL.
Fine:
Total Fine
$20,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$20,000.00
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