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ABN AMRO Bank NV, now known as the Royal Bank of Scotland NV, has agreed to forfeit $500 million to settle charges it conspired to violate U.S. sanctions and bank secrecy laws, the U.S. Justice Department said on Monday.The company was charged with one count of violating the Bank Secrecy Act and one count of conspiracy to defraud the United States and violate the International Emergency Economic Powers Act and Trading with the Enemy Act, the department said.The financial institution accepted and acknowledged its responsibility for the conduct and agreed to forfeit $500 million as part of a deferred prosecution agreement, the Justice Department said.(Reporting by Jeremy Pelofsky)
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