Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal.
On Sept. 26, Bloomberg reported on news of a criminal probe into the bank’s alleged failures to report suspicious transactions and to adequately vet its clients. ABN AMRO (AS:ABNd) — which remains over 50% government-owned after a costly bailout — saw its shares slump by as much as 10.3% in Amsterdam trading.