The plea agreement says three unnamed executives who have left the company lied when regulators began asking questions in 2013. The subsidiary, Rabobank National Association, pleaded guilty Wednesday to one count of conspiracy to defraud the United States. Rabobank said last month that the subsidiary would likely acknowledge that employees hid information from regulators nearly five years ago. The forfeiture is one of the largest U.S. settlements involving the laundering of Mexican drug money, though it's still only a fraction of the $1.9 billion that Britain's HSBC agreed to pay in 2012. And it said the subsidiary, Rabobank National Association, would likely plead guilty to a charge that employees hid information from regulators nearly five years ago.

Source: ABC News February 07, 2018 19:37 UTC