7 December 2025
The Dutch sofa, ABN AMRO, has been fined €14 million by the Public Prosecution Service (OM) for involvement in the deliberate filing of incorrect tax returns, which led to unjustified dividend tax recoveries.
The Public Prosecution Service states that ABN AMRO is the American bank Morgan Stanley assisted in the wrongful collection of €124 million in dividend tax to which they were not entitled. Morgan Stanley itself is also being prosecuted for tax evasion.
As a result of its involvement in this scheme, ABN AMRO must pay a penalty of €14 million. The sanction is relatively mild, given that the facts date back to the period between 2010 and 2013, and because the bank cooperated with the criminal investigation.
ABN AMRO states that this fine will not affect current banking activities, as the department in question was closed down in 2014. Although Fortis was not responsible for the tax returns, the bank did play a role in the share trading that was part of the scheme.
ABN AMRO has indicated that it will accept the penalty notice.
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