Rabobank has been de-risking 10,000 customers per month (out of 8 million). They have 8,000 employees pissing away €840 million per year for this task.
For comparison: the Stasi had 90,000, which is 5x more per head of population. So it's not too bad really.
The Dutch police budget is €6 billion, a tiny fraction of that is spent on dealing with deluge of surveillance reports pushed by the bankers. With zero proven effectiveness.
https://nos.nl/artikel/2541247-Rabobank-stuurde-elke-maand-10-000-klanten-weg-na-strenger-witwasbeleid
When you say de-risk do you mean the bank is closing their accounts?
Rugpulled of “their” accounts
Closing their accounts yes. More specifically, doing so to save money on compliance cost and fines, as opposed to actually caring about preventing money laundering. Which makes total business sense.
Even the #FATF acknowledges this:
https://www.coe.int/en/web/moneyval/implementation/de-risking
And you bet ethnicity and nationality matter for the chance of being de-risked.
FONPAWIT
fear of not pissing away in time
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