ABN Amro announced on Monday that it would pay a fine of 480 million euros to put an end to criminal proceedings. The scandal, which has shaken the Dutch sector for several years, also forced Chris Vogelzang, the boss of Danske Bank, a former senior executive of this bank, to resign on Monday.

The Dutch bank has agreed to pay a fine to put an end to the proceedings initiated by the Dutch courts, which denounces flaws in the fight against money laundering. In a press release, ABN Amro indicated that justice had identified "serious shortcomings in the bank's practices to combat money laundering in the Netherlands". She herself expressed her regrets, acknowledging "not having fulfilled her mission of control".
According to Managing Director Robert Swaak, “this settlement marks the end of a painful and disappointing episode for ABN Amro”.