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NEWS: Rabobank ready to cut some external compliance workers, AFC chief signals

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FILE PHOTO: The Rabobank logo is seen at its headquarters in Utrecht, Netherlands August 21, 2018. Picture taken August 21, 2018. REUTERS/Eva Plevier/File Photo

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INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

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LATEST: Global Fraud Summit 2026 ends with ‘Call to Action’ against scam surge

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By Paul O’Donoghue, Senior Correspondent

Dutch lender Rabobank is at the stage where it can trim the number of external staff on its books, its AFC chief believes.

Philippe Vollot, Rabobank’s Chief Financial Economic Crime Officer, said the company has nearly finished a lengthy process of boosting its AML operations. 

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INSIGHT: Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week

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LATEST: Global Fraud Summit 2026 ends with ‘Call to Action’ against scam surge

LATEST: Canada’s FINTRAC takes down 23 crypto-linked MSBs

Regulatory Watch News

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  • MAS Issues Prohibition Orders against former Relationship Managers, Mr Wang Qiming and Mr Liu Kai

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    The Monetary Authority of Singapore (MAS) has issued Prohibition Orders (POs) under the Financial Services and Markets Act 2022 (FSMA) against Mr Wang Qiming and Mr Liu Kai, former relationship managers, who were convicted of charges connected to the major money laundering case of August 2023. Given the gravity of their misconduct, MAS has issued a 16-year PO against Mr Wang Qiming and a 7-year PO against Mr Liu Kai.

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