Philippe Vollot, who resigned from Danske Bank earlier this month after formerly serving as its chief compliance officer, will join Rabobank as its first chief financial economic crime officer, effective Oct. 1.

Rabobank announced the news in a press release June 10. The appointment is subject to positive outcome of supervisory assessments.

The new role within the Dutch bank’s managing board was created to help centralize necessary first-line know your customer activities, including sanctions screening and transaction monitoring.

Vollot has vast experience in combating money laundering and terrorist financing, setting up remediation programs, and knowledge of legislation and regulations.

Before his time at Danske Bank, Vollot held various roles in compliance from 2003-18 with Deutsche Bank. His final position there was global head of anti-financial crime and group anti-money laundering officer.

He joined Danske Bank’s executive board in 2018 as chief compliance officer, a role that changed into chief administrative officer in 2021.

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