RBS NV - DPA Deferral Period

RNS Number : 0994E

Royal Bank of Scotland Group PLC

01 April 2011

 



RBS NV - DPA Deferral Period

31 March 2011

In May 2010, the United States Department of Justice (DoJ) and the Consortium that acquired ABN AMRO Group in 2007 agreed to a Deferred Prosecution Agreement (DPA) relating to the previously disclosed criminal investigation into ABN AMRO Bank NV's US dollar clearing activities, OFAC compliance procedures, and Bank Secrecy Act compliance matters during the period from 1995 to the end of 2007.

On 31 March, 2011, the U.S. Department of Justice and RBS N.V. filed a joint status report with the U.S. District Court notifying it that the parties would seek an extension of the duration of RBS N.V.'s deferred prosecution agreement until 31 December, 2011. The request states that RBS N.V. and the Department of Justice have agreed to seek the extension to allow RBS N.V. sufficient time to fulfil its obligations under the agreement. 

Richard O'Connor
Head of Investor Relations
[phone]

Media Relations
Tel: [phone]

 

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