Rabobank pleads guilty, forfeits $369 million for laundering Mexico drug money
The U.S. unit of Netherlands-based Rabobank pleaded guilty Wednesday to a felony conspiracy for concealing defects in its anti-money laundering program and obstructing a federal investigation.
Rabobank National Association based in Roseville, California will forfeit $368.7 million for allowing Mexican drug money to be processed through the bank.… Continue Reading