ING is also in Italy on the knuckles for deficiencies in combating money laundering. The bank is in dialogue with the local regulator about measures to their procedures to improve. As long as these conversations run, no new clients accepted.
The shortcomings have come to light during an inspection that the Italian Central Bank has carried out between October 2018 and January 2019. ING points out that since 2017 hard working on new policies for such risks in the future to eliminate.
ING came in september last year to a settlement with the justice in the Netherlands. The Dutch financial group paid a total of 775 million euros because of a lack of did to prevent customers ‘ money could be money laundering. That the bank went on a lot of social and political outrage.