Dutch state-owned bank ABN Amro has fired a seventh employee at its Dubai private banking desk following an internal probe into irregularities.

Six bankers were sacked in January for failing to comply with internal codes of conduct by enabling clients to use their personal accounts for illicit business transactions.

The Financieele Dagblad said at the time this enabled the clients to use private banking accounts to carry out transactions which should have fallen under a much stricter compliance regime.

The latest sacking comes after an employee was discovered to have privately accepted a sum of money from a client, without informing the bank. According to ABN Amro, this is in conflict with the ‘appropriate rules and behaviour’.

The bank says no client money is missing and there have been no complaints or claims, the NRC reports.

Accounts closed

On Monday, ABN Amro said it has closed the accounts of several of its Dubai clients, the Financieele Dagblad reports.

The bank has been re-evaluating 1,100 Dubai clients for some time, the paper says. It has now looked at 60% of its clients and closed a number of accounts. The paper does not say how many.