Money Laundering

Federal prosecutors on Friday fined Rabobank $500,000 — in addition to its forfeiture of $369 million — for obstructing the Comptroller of the Currency by concealing deficiencies in its anti-money-laundering program, the largest criminal penalty ever in the Southern District of California.

SAN DIEGO — Federal prosecutors on Friday fined Rabobank $500,000 — in addition to its forfeiture of $369 million — for obstructing the Comptroller of the Currency by concealing deficiencies in its anti-money-laundering program, the largest criminal penalty ever in the Southern District of California.

Categories / Criminal, Financial

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