ING faces Dutch cor­rup­tion probe

New Straits Times - - Business -

AMSTERDAM: ING dis­closed in its an­nual re­port pub­lished last week that it is be­ing tar­geted by Dutch pros­e­cu­tors in a crim­i­nal in­ves­ti­ga­tion into money laun­der­ing and cor­rup­tion that could re­sult in sig­nif­i­cant fines. “ING Bank is the sub­ject of crim­i­nal in­ves­ti­ga­tions by Dutch au­thor­i­ties re­gard­ing var­i­ous re­quire­ments re­lated to the on-board­ing of clients, money laun­der­ing, and cor­rupt prac­tices,” said the state­ment. It said it had also re­ceived re­quests for in­for­ma­tion from United States au­thor­i­ties and was co­op­er­at­ing.

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