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ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin risky

ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin risky submitted by beincrypto to Bitcoin [link] [comments]

ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin Risky

ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin Risky submitted by SaneFive to CryptoMarkets [link] [comments]

10-01 08:03 - 'Dutch bank ABN Amro NV calls Bitcoin Risky but finds itself in the midst of a major money-laundering scandal.' (twitter.com) by /u/PrivacyWriter removed from /r/Bitcoin within 3922-3932min

Dutch bank ABN Amro NV calls Bitcoin Risky but finds itself in the midst of a major money-laundering scandal.
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ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin risky

ABN AMRO Embroiled in Money Laundering Scandal, After Calling Bitcoin risky submitted by scgco to GGCrypto [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by Rufflenator to 3bitcoins [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by Brent357 to Bitcoin_Future [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by W1ngIt to hahahahahahahah [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by ososru to Bitcoin4free [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by medallionsmonarchy to TheCoinRepublic [link] [comments]

ABN AMRO In Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO In Money-Laundering Scandal After Calling Bitcoin ‘Risky’


News by Cointelegraph: Marie Huillet
Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal.
On Sept. 26, Bloomberg reported on news of a criminal probe into the bank’s alleged failures to report suspicious transactions and to adequately vet its clients. ABN AMRO — which remains over 50% government-owned after a costly bailout — saw its shares slump by as much as 10.3% in Amsterdam trading.
This represents the highest plummet since June 2016, with the bank’s Additional Tier 1 bonds falling the most in six months, as Bloomberg notes.

Investigation under anti-money laundering and terror financing laws

The Dutch prosecutor’s office further revealed that not only does ABN AMRO face scrutiny over its alleged compliance failures, but it is also being investigated under Dutch anti-money laundering and terror financing laws. Exact details of the investigation have not been disclosed.
Following a warning from the Netherlands’ central bank, ABN AMRO had announced this July that it needed to conduct better due diligence into all of its 5 million retail clients.
It has spent €220m to bolster its procedures in its consumer banking, credit card and small business lending operations — taking a €114 million provision for checks in Q2 in addition to €85 million in 2018. The bank had indicated it could face sanctions from authorities but noted that it couldn’t prepare for a possible fine as the amount could not be estimated at the time.
As the Financial Times has reported, ABN AMRO also tripled its staff numbers to over 1,400 in areas such as compliance, financial crime and anti-money laundering.
The situation imperils the Dutch government’s pledge to eventually sell off its 56% stake in the bank — and the uncertainty is redoubled by the announcement of CEO Kees van Dijkhuizen to leave when his term ends in April 2020.
Notably, ABN AMRO’s rival ING Group last year paid a record fine for “serious shortcomings” in working to prevent financial crime, facilitating money laundering through its accounts for years.

Banks under scrutiny

ABN AMRO’s crisis comes hot on the heels of a scandal involving Danske Bank’s unit in Estonia, whose former head was found dead earlier this week. He had been a witness — though not a suspect — in a major money-laundering probe into the unit.
Also this week, law enforcement officials raided Deutsche Bank AG this week in connection with the Danske Bank scandal.
This May, ABN AMRO’s senior press officer revealed that the bank would discontinue its plans to launch a custodial Bitcoin (BTC) wallet, having concluded that “cryptocurrencies because of their unregulated nature are at the moment too risky assets for our clients to invest in.”
submitted by GTE_IO to u/GTE_IO [link] [comments]

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’

ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’ submitted by Leka213 to CryptocurrencyToday [link] [comments]

Bitcoin Discussion • Is trading Bitcoin risky?

submitted by btcforumbot to BtcForum [link] [comments]

Rabobank Fined $369M for Money Laundering After Calling Bitcoin 'Risky'

submitted by ecoinland to coinzine [link] [comments]

[Frances Coppola] @cryptoXXXJ @dlknowles I'm sorry you feel so threatened by my comments about Bitcoin's risky speculative nature, bu… https://t.co/c0lN7D9hPn

[Frances Coppola] @cryptoXXXJ @dlknowles I'm sorry you feel so threatened by my comments about Bitcoin's risky speculative nature, bu… https://t.co/c0lN7D9hPn submitted by jeff98379 to newstweetfeed [link] [comments]

Hungarian National Bank Considers Virtual Currency Like Bitcoin Risky

Hungarian National Bank Considers Virtual Currency Like Bitcoin Risky submitted by BTCNews to BTCNews [link] [comments]

Leading law firm engaged by Bitcoin Alliance India says Bitcoin risky, but legal

Leading law firm engaged by Bitcoin Alliance India says Bitcoin risky, but legal submitted by twobitidiot to Bitcoin [link] [comments]

Why is Bitcoin still considered a risky investment?

I am a HODLer since 2017, and consider myself a bitcoin maximalist. Considering the current American economic situation with the Fed out of control, why do we still consider crypto currencies and specifically bitcoin “risky” if the fundamentals of bitcoin are so strong?
submitted by posizzle26 to Bitcoin [link] [comments]

BitMEX Research Shows Storing Millions Worth of Bitcoin “In Your Head” is Risky

https://allyourfeeds.com/blockchain/news/bitmex-research-shows-storing-millions-worth-of-bitcoin-in-your-head-is-risky?order=recent

" The study involved creating eight bitcoin brainwallets using passphrases from famous works of fiction, musical lyrics, or academic literature. "
submitted by RambleFeed to BitMEX [link] [comments]

BitMEX Research Shows Storing Millions Worth of Bitcoin "In Your Head" is Risky

BitMEX Research Shows Storing Millions Worth of Bitcoin submitted by wmredditor to CryptoCurrency [link] [comments]

BitMEX Research Shows Storing Millions Worth of Bitcoin "In Your Head" is Risky

BitMEX Research Shows Storing Millions Worth of Bitcoin submitted by wmredditor to Bitcoin [link] [comments]

Bitcoin becoming less-risky as an investment, Novogratz says

submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin becoming less risky as an investment Novogratz ... Bitcoin: Risk Analysis and Predictions - YouTube Is Trading Bitcoin Risky? Bitcoin is RISKY! HOW TO PLAY DEFENSE ON COINBASE Bitcoin becoming less-risky as an investment, Novogratz ...

Bitcoin becoming less-risky as an investment, Novogratz says. October 27, 2020 by Chris 0 Comments. News. Share on Facebook. Share on Twitter. Share on Pinterest . Share on LinkedIn. Bitcoin has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to invest large sums of money into the asset, normalizing its ... Bitcoin is often lumped in risky assets like growth stocks, high yield debt, high beta ETFs, venture capital, and emerging markets. In fact, it has many hallmarks of a safe haven in a crisis. Moreover, Bitcoin is independent of monetary policies and, similar to commodities such as gold, limited in quantity by mining constraints. On this basis we hypothesize that Bitcoin acts as a safe-haven for the S&P 500 during the Covid-19 market downturn. The early empirical evidence regarding Bitcoin’s hedging and safe-haven properties are ... Bitcoin - risky bubble or the future? Rory Cellan-Jones Technology correspondent @BBCRoryCJ on Twitter. Published. 27 November 2017. image copyright Getty Images. First, full disclosure - I am a ... Bitcoin is also more volatile (i.e. it can move a lot in value both up or down in a short space of time) than many other currencies, and while this appears to be stabilising over time, it’s sure to experience many highly volatile moments in the future. Also remember that Bitcoin transactions are like cash in that they are irreversible - so if you send Bitcoin to the wrong person, or your ...

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Bitcoin becoming less risky as an investment Novogratz ...

Bitcoin ( BTC ) has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to inv... Website https://uglyoldgoat.com Facebook https://www.facebook.com/BitcoinStandardBearer/ Twitter https://twitter.com/uglyoldgoat1?lang=en Medium https://medi... It is time for an updated video on the risk metric to identify where Bitcoin is, and where it is likely headed over the next few years. The risk metric of BT... People say to me all the time that investing in Bitcoin is risky. My argument in response is that expecting a good pension in this day and age is risky. Starting a high street business is risky ... This video is unavailable. Watch Queue Queue. Watch Queue Queue

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