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AMLi NEWS UPDATE: Danske Bank CEO Vogelzang resigns as he’s named suspect in ABN Amro money laundering probe; ABN reveals it is forced to pay €480M to settle AML case brought by Dutch prosecutors

THE BANKING world was rocked today by the resignation of Danske Bank Chief Executive Chris Vogelzang after he was named a suspect by Dutch authorities in a money laundering breaches inquiry.

The probe relates to his time with Dutch lender ABN Amro – which today reached a massive €480M settlement with the Dutch Public Prosecution Service (DPPS) over money laundering allegations, which will impact its first-quarter results.

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