ABN AMRO

"A new line of investigation has focused on banking relationships. In December, ABN Amro paid $80m in penalties after it was found to have violated rules on dealing with Iran and Libya, while UBS paid $100m in 2004 after admitting breaches of rules on transactions with Iran, Libya, Cuba and Serbia. Both ABN Amro and UBS have reduced their Iran operations, as has Credit Suisse. But it has emerged that the Justice Department is probing three more banks - HSBC, Standard Chartered and France's BNP Paribas." (The Independent, “UK banks caught in Iran sanctions probe,” 2/5/06) (https://www.independent.co.uk/news/business/news/uk-banks-caught-in-iran-sanctions-probe-465560.html”)

"Dutch bank ABN AMRO ABNd.AS said it had facilitated transactions [with Iran] related to food, healthcare, medical equipment and agriculture to a limited extent and with specific clients. But it also told Reuters 'the recent restrictive measures on Iranian banks do pose challenges.'" (Reuters, "Global traders halt new Iran food deals as U.S. sanctions bite - sources," 12/21/18) (https://www.reuters.com/article/us-iran-nuclear-food-exclusive/exclusive-global-traders-halt-new-iran-food-deals-as-u-s-sanctions-bite-sources-idUSKCN1OK1OR)

On its website, ABN AMRO states that it "has a stricter policy regarding trade with the countries below [including Iran]. Are you trading or are you going to trade with one of these countries? Then we ask you to always contact the bank in advance. We can then inform you about the (im)possibilities to carry out transactions for you. You limit the risk that we will not execute your transaction on the basis of legal or internal provisions. Regularly check the ABN AMRO website and the authorities such as the UN, EU and US. You will then be sure that you have the most up-to-date information." (https://www.abnamro.nl/en/personal/payments/sanctions-measures.html)

"ABN AMRO Bank, now owned by Royal Bank of Scotland Group, agreed in 2006 pay $70 million in penalties assessed by U.S. regulators related to alleged dealings with entities from Iran and Libya." (Daily Mail, "Obama to target Lloyd's of London in plan for tougher sanctions on Iran," 10/2/09) (http://www.dailymail.co.uk/news/worldnews/article-1217215/Obama-target-Lloyds-London-plan-tougher-sanctions-Iran.html#ixzz0U0s2yRE6)

ABN AMRO is currently owned by the Royal Bank of Scotland Group.

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"Since 2009, the Justice Department, the Treasury Department and the Manhattan district attorney’s office, working largely in concert, have brought charges against five foreign banks, contending they moved billions of dollars through their American subsidiaries on behalf of Iran, Cuba and North Korea, sponsors of terrorism and drug cartels. The cases against the five banks all included deferred prosecution agreements and required the banks — ABN Amro, Barclays, Credit Suisse, Lloyds and most recently ING — to forfeit a substantial amount of assets. The cases typically have not involved United States banks. Unlike foreign institutions, American banks were prohibited from originating or receiving such transactions from Iran. That enabled them to largely sidestep the conduct that has helped ensnare foreign banks." (New York Times, "Deutsche Bank’s Business With Sanctioned Nations Under Scrutiny," 8/17/12) (http://www.unitedagainstnucleariran.com/company/barclays-plc) (http://www.unitedagainstnucleariran.com/company/credit-suisse) (http://www.unitedagainstnucleariran.com/company/lloyds-tsb) (http://www.unitedagainstnucleariran.com/company/ing-group) (http://www.nytimes.com/2012/08/18/business/deutsche-banks-business-with-sanctioned-nations-under-scrutiny.html?_r=1&pagewanted=all)