Sunday, November 11, 2018

After ING scandal, Finance Ministry comes out against money laundering

Earlier in 2018, the ING banking group agreed to a Euro 755 million out of court settlement due to failing to deal seriously with money laundering. The central bank said at the time that more banks were lax in their approach to this problem.  Last year, banks reported over 360 000 unusual transactions. This was 60 000 less than in 2016.  Finance Ministry inspectors will now increase investigations into money laundering by Dutch banks.

No comments: