Another European bank faces a money laundering probe.

Dutch prosecutors are investigating ABN Amro, one of the country's top lenders.

The Netherlands has been the target of several such inquiries.

Investigators have estimated that over 14 billion dollars were laundered through the country each year between 2004 and 2014.

Last year Dutch bank ING was hit with a 900 million dollar fine.

Shares in ABN Amro fell about ten percent following Thursday's (September 26) news.

It's all part of move by European authorities to crack down on lax monitoring of illegal transactions.

On Wednesday (September 25) German investigators raided Deutsche Bank in connection with a money laundering scandal at Denmark's Danske Bank.

The same day saw a former Danske Bank executive found dead in Estonia.

Aivar Rehe was head of the lender's operations there until 2015.

His branch was under investigation over suspicious payments totalling 220 billion dollars.

Police said Rehe's death was not being treated as suspicious.