Rabobank fined US$369m for handling “hundreds of millions of dollars in untraceable cash”

Rabobank National Association (RNA), a California subsidiary of the Netherlands-based Coöperatieve Rabobank U.A., pleaded guilty, on 7 February [2018], to a charge of conspiracy for “impairing, impeding and obstructing” the US Comptroller of the Currency (OCC) by hiding deficiencies in its anti-money laundering (AML) program and attempting to thwart examination by the regulator.