A Banker Who Helped Hide Mexican Drug Money Is Helping U.S. Prosecutors
- Compliance official admits to misconduct on border accounts
- Deal requires cooperation in exchange for deferred prosecution
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A former U.S. manager for Dutch banking giant Rabobank Groep says he helped hide possible criminal activity by clients and is assisting U.S. prosecutors in a long-running investigation of whether the lender was tied to laundering millions of dollars in Mexican drug money.
The manager, George Martin, entered an agreement with the Justice Department that requires his cooperation with the probe of Rabobank’s U.S. retail operations as part of a deferred prosecution, according to court filings.