Working together for a secure financial future

At Rabobank, our customers are at the core of everything we do. We build strong, lasting relationships based on trust, honesty, care and reliability. This helps us support our wholesale and rural clients with confidence and integrity. Join us in creating a safe financial environment for everyone. We will also support you in understanding and following financial rules. On this page you will find information on three important topics: sanction compliance, customer due diligence (CDD), and transaction monitoring (TM).

Our commitment to integrity

To customers:  creating awareness regarding financial crime risks.

To the bank:  ensuring effective risk management.

To society: building trust and supporting safe communities.

Understanding customer due diligence, transaction monitoring and sanctions

Before entering a business relationship, we need to know who we are dealing with to assess and manage integrity risks.

This process involves understanding you as our (potential) customer, including:

your business activities

the origins of your capital

your transactional behaviour

how you manage related integrity risks

Customer due diligence for wholesale and rural clients

Rabobank conducts customer due diligence (CDD) on all new and existing customers. CDD is an essential part of helping us protect businesses from potential risks.

As part of the CDD process, we may ask for the following information:

What are your business activities and in which countries is your business involved with

What is your ownership and control structure including the ultimate beneficiaries and the rationale behind your organization structure

What are the actual and expected financial transactions

What the origin is of the assets/funds introduced to us

Which measures you applied to ensure your business complies with (inter-) national laws and regulations

PEPs are individuals who have been entrusted with prominent public functions, their immediate family members, and close associates. Examples include:

Heads of state, government ministers, and deputy or assistant ministers.

Members of parliament.

Board members of political parties.

Directors, deputy directors, and board members of international organizations.

When applicable, we may request official documents to verify the source of wealth of PEPs.

Transaction monitoring

Transaction monitoring involves detecting unusual signals that may indicate an increased risk of money laundering and/or terrorism financing.

As a gatekeeper to the financial system, Rabobank plays a key role in:

detecting and preventing money laundering

combating the financing of terrorism

addressing corruption

identifying and mitigating fraud

To uphold Rabobank’s values, we have controls in place to:

prevent the bank and its customers from supporting behavior that lacks integrity

avoid unwitting involvement in financial economic crime

Rabobank’s responsibilities include:

being accountable for transactions conducted through customer accounts

complying with the Wwft (Anti-Money Laundering and Anti-Terrorist Financing Act)

adhering to the Wft (Financial Supervision Act)

If a transaction is linked to money laundering or terrorism financing, the bank may be considered a facilitator in the process.

To prevent this, banks are required to:

detect unusual transactions

report them to the Financial Intelligence Unit (FIU) Netherlands

Rabobank’s role in sanction compliance

Rabobank follows sanctions laws from the European Union (EU), the United States (OFAC), the United Kingdom (OFSI & OTSI), and local authorities. We have clear policies, procedures and controls in place to meet these rules.

For some countries, Rabobank has additional sanction policies that are stricter than existing sanction laws and regulations. These may change based on updated risk assessments.

Countries subject to sanctions

Country/Region	Business clients
Belarus	From April 1, 2025, direct or indirect transactions, regardless of nature and currency, are not allowed, with some exceptions.
Cuba	Direct or indirect transactions with a US element are not allowed.
Iran	Direct or indirect business transactions, regardless of nature and currency, are not allowed.
North Korea	Direct or indirect transactions, regardless of nature and currency, are not allowed.
Russia	From December 1, 2022, direct or indirect transactions, regardless of nature and currency, are not allowed, with some exceptions.
Russian-occupied areas of Ukraine (Crimea, Donetsk, Luhansk, Zaporizhzhia, and Kherson)	Direct or indirect business transactions, regardless of nature and currency, are not allowed.
Syria	Direct or indirect transactions, regardless of nature and currency, are not allowed.
Sudan	Direct and indirect transactions with a US element are not allowed. Trade financing related to Sudan is not facilitated at all.

Further restrictions

In addition to country-specific sanctions, Rabobank does not allow any direct or indirect transactions, regardless of currency, if they involve parties listed on the U.S. OFAC Specially Designated Nationals (SDN) List.

We also prohibit transactions with entities on the UK Consolidated List, even if there is no direct UK connection.

Links to the relevant sanction lists:

OFAC - Sanctions List Service

The UK Sanctions List - GOV.UK

Who is subject to financial sanctions in the UK? - GOV.UK

Proscribed terrorist groups or organisations - GOV.UK