{"id":1293,"date":"2026-07-20T05:15:01","date_gmt":"2026-07-20T09:15:01","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=1293"},"modified":"2026-07-20T05:15:02","modified_gmt":"2026-07-20T09:15:02","slug":"netherlands-investment-bank-fined-e8-5m-for-compliance-failures-including-sanctions","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2026\/07\/20\/netherlands-investment-bank-fined-e8-5m-for-compliance-failures-including-sanctions\/","title":{"rendered":"Netherlands &#8211; investment bank fined \u20ac8.5m for compliance failures, including sanctions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.dnb.nl\/algemeen-nieuws\/handhavingsmaatregel-2026\/boete-voor-abn-amro-bank-n-v-voor-onvoldoende-clientenonderzoek-bij-hoogrisicoklanten\/\">Dutch DNB has issued an administrative fine<\/a> to ABN Amro relating to compliance failings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fine was reduced from \u20ac10m to \u20ac8.5m as part of a settlement with the bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The sanctions element relates to a number of the customers included within the DNB&#8217;s investigated sample. As part of the assessment of these client files it was determined that there was an unaddressed risk that some of the clients were involved with dual-use goods with some indicators that the bank&#8217;s customers were using intermediaries in high-risk jurisdictions to evade or circumvent the EU&#8217;s Russian sanctions. The bank was also criticised for undue reliance on uncorroborated client declarations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dutch DNB has issued an administrative fine to ABN Amro relating to compliance failings. The fine was reduced from \u20ac10m to \u20ac8.5m as part of a settlement with the bank. The sanctions element relates to a number of the customers included within the DNB&#8217;s investigated sample. As part of the assessment of these client &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2026\/07\/20\/netherlands-investment-bank-fined-e8-5m-for-compliance-failures-including-sanctions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Netherlands &#8211; investment bank fined \u20ac8.5m for compliance failures, including sanctions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104,71],"tags":[13,12,31,18,34],"ppma_author":[7],"class_list":["post-1293","post","type-post","status-publish","format-standard","hentry","category-104","category-financial-services","tag-dual-use-goods","tag-fine","tag-netherlands","tag-russia","tag-trade-sanctions"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=1293"}],"version-history":[{"count":1,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1293\/revisions"}],"predecessor-version":[{"id":1294,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1293\/revisions\/1294"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=1293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=1293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=1293"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=1293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}