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​Rabobank to pay $368.7 million after pleading guilty to criminal money-laundering charge

( February 7, 2018, 19:56 GMT | Official Statement) -- MLex Summary: California-based Rabobank, a unit of Netherlands-based Cooperatieve Rabobank, agreed to pay a $368.7 million fine after pleading guilty to a felony conspiracy charge in a money-laundering case, the US Department of Justice said. The bank also agreed to pay a $50 million fine to the US Office of the Comptroller of the Currency. Mexican businesses and US-based accountholders transacted hundreds of millions of dollars in untraceable cash, sourced from Mexico and elsewhere, into and through the bank’s accounts, the DOJ said.Statement follows below:...

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