The Public Prosecutor is busy with a criminal investigation against ING in which the bank is suspected of involvement in international corruption, money laundering, violating rules for customer due diligence and failing to report unusual transactions, a spokesperson for the Prosecutor's Office confirmed to the Financieele Dagblad on Tuesday.
Dutch banks ING and Amsterdam Trade Bank are listed with 730 other banks as financial institutions that helped Russian criminals launder money, international investigative journalist collaboration OCCRP revealed. A total of 19 billion dollars were laundered through these 732 banks between January 2011 and October 2014, according to the group, AD reports.
Dutch bank ING reported a first quarter net loss of €1.92 billion, a polar opposite of the €1.9 billion net profit in the first three months of 2013, according to Reuters. The loss was primarily attributed to one-time costs, including a €1 billion pension charge, and a €2.01 billion accounting hit on ING's investment in Voya Financial Inc.