ING Group Bank Fined $900 Mln for Money Laundering Activity

Home / ING Group Bank Fined $900 Mln for Money Laundering Activity

Netherlands’ Largest Bank and financial services provider failed to scrutinize unusual transactions and certain accounts and as a result breached numerous money laundering laws. The Dutch authorities claim that money laundering and financing terrorism has been taking place “for years,” and ING did not properly inspect these transfers or examined the accounts to the best of their ability, thus hundreds of millions of euros were illegally transferred.

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