ING settles money laundering case with Dutch prosecutors for $900 million

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September 4 2018

Dutch prosecutors said on Tuesday they had settled a money laundering case with ING Group NV for 775 million euros ($900 million).

Prosecutors said they blamed the bank for violating the country’s law on preventing money laundering and financing terrorism “structurally and for years” by not having stopped customers’ accounts from being used for money laundering from 2010 and 2016.