Amsterdam Trade Bank, the Dutch subsidiary of Russia's Alfa Bank, was raided as part of a money laundering investigation last week, Marieke van der Molen of the Public Prosecution Service confirmed to NL Times.
Dutch banks ING and Amsterdam Trade Bank are listed with 730 other banks as financial institutions that helped Russian criminals launder money, international investigative journalist collaboration OCCRP revealed. A total of 19 billion dollars were laundered through these 732 banks between January 2011 and October 2014, according to the group, AD reports.
Russian telecom company Vimpelcom, one of the largest telecom companies in the world, is paying a 716 million euro settlement to the Netherlands and United States. This is to avoid criminal prosecution for bribery.