Dutch Bank Negotiating Plea Deal
Posted Apr 27, 2007 2:52 PM CST
By Debra Cassens Weiss
ABN Amro Holding NV is negotiating a deal with the Justice Department to settle an investigation into improper handling of money transfers from countries sanctioned for terrorism, the Wall Street Journal (sub. req.) reports.
The fine could be as high as $500 million, which would make it the largest penalty against a bank for money-laundering or sanctions-related offenses, the story says.