Financial Crimes
Rabobank National Association pleads guilty, agrees to pay $369 million
02/07/2018
San Diego, CA
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Rabobank National Association (Rabobank), a California subsidiary of the Netherlands-based Cooperatieve Rabobank U.A., pleaded guilty to a felony conspiracy charge and agreed to pay $368,701,259 – the largest financial penalty in the Southern District of California – as part of a plea agreement to settle allegations that it hid deficiencies in its anti-money laundering program.