A Roseville subsidiary of a Dutch banking company was sentenced Friday for concealing flaws in its anti-money-laundering program and later providing misleading information about the program when investigated by federal regulators, the U.S. Department of Justice said.
As a result, the bank blocked or delayed investigations into roughly $370 million worth of suspicious transactions near the U.S.-Mexico border believed to be tied to narcotics trafficking and organized crime, the press release said.
The company, Rabobank National Association, is known as a leader in agricultural lending throughout California and employed more than 200 workers in Roseville in 2014, a Sacramento Bee story said. Its parent company, Rabobank Group, operates out of the Netherlands.
Sacramento area community musical theater (esp. DMTC in Davis, 2000-2020); Liberal politics; Meteorology; "Breaking Bad," "Better Call Saul," and Albuquerque movie filming locations; New Mexico and California arcana, and general weirdness.
Monday, May 21, 2018
Spin-Dry That Cash!
Skyler needed to bank with these guys out of the Netherlands. I wonder if they’re a subsidiary of Madrigal?:
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