The ABN Amro bank is targeted in the Netherlands by an investigation for money laundering and financing of terrorism, it announced on Thursday. AMSTERDAM (Reuters) - ABN Amro bank is under investigation in the Netherlands for money laundering and terrorist financing, it said on Thursday. The action lost more than 9% at the opening of the Amsterdam Stock Exchange in reaction to this information. The Dutch public prosecutor's office said ABN Amro was accused of anti-money laundering misconduct. The bank reported suspicious transactions too late, if at all, and did not sufficiently monitor its customers, the prosecution added. “ABN Amro will cooperate fully with the investigation,” the establishment said. The bank was notified of the investigation on Wednesday but was given no further details on the extent of the investigations, an ABN spokesperson said. "We have no indication of the possible impact of this investigation," said Jeroen van Maarschalkerweerd. Last August, the Dutch central bank required ABN Amro to review the situation of all its retail customers in the country, which ABN had warned could potentially lead to fines. Dutch banks were forced to provide better monitoring of their customers following the fine of 775 million euros imposed in September 2018 on one of them, ING, for its failures in terms of the fight against money laundering.