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ABN AMRO shares fall as money-laundering provisions increase costs

By Alisha Houlihan for AMLi

Shares in Dutch bank ABN Amro (ABNd.AS) fell by around 10% on Wednesday due to higher-than-expected costs, including new anti-money laundering (AML) provisions.

A loss of €54M in the same period last year after a hefty money laundering fine led to a net profit of €295M ($310.6M) in the first three months of the year, exceeding an average analyst estimate of €259M.

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