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Compliance Corner: Dutch National Bank, ABN AMRO

Editorial Staff

23 June 2025

ABN AMRO, Dutch Central Bank
The Dutch Central Bank has imposed an administrative fine of €15 million ($17.19 million) on for violating the bonus prohibition over the period from 2016 to 2024. 

Policymakers introduced the bonus ban among reforms following the 2008 financial crash. The prohibition states that board members and management in the second echelon of banks receiving state support cannot receive bonuses.

The ban has applied to the Dutch bank’s executive board since 2012; it was widened to the second management echelon in 2015.

The Dutch central bank has determined that ABN AMRO wrongly failed to apply the bonus prohibition to seven positions in the second echelon during the specified period, according to a statement from ABN AMRO.

“Although ABN AMRO interpreted and applied this legislation in good faith, the bank acknowledges that its viewpoint was incorrect. ABN AMRO regrets this, is aware of the possible societal impact and accepts the fine of €15 million," it said.