Rabobank To Enter Plea In Money-laundering Investigation

SAN DIEGO (AP) — Dutch lender Rabobank's California subsidiary is scheduled to enter a plea Wednesday in a long-running investigation that led to allegations the bank was used to launder millions of dollars in Mexican drug money. Rabobank said last month that it set aside about 310 million euros ($384 million) to settle and that the subsidiary, Rabobank National Association, would likely plead guilty to a charge that employees hid information from regulators nearly five years ago.

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