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Dutch bank to pay $900 mn to settle money laundering case
short by Mahi Chauhan / on Tuesday, 4 September, 2018
Dutch bank ING has agreed to pay $900 million in a settlement with prosecutors for money laundering and corrupt practices. The bank violated laws on preventing money laundering and financial terrorism “structurally and for years”. Of the settlement, $780 million was intended as a fine and $115.5 million as return of ill-gotten gains, the prosecutors said in a statement.
read more at Reuters