US News & World Report on 16th March reported that the Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behaviour. ING paid a record €775 million fine in a settlement with Dutch prosecutors in September for failing to spot criminal use of its Dutch accounts for years.
https://money.usnews.com/investing/news/articles/2019-03-16/banca-ditalia-orders-client-stop-at-ing-in-fight-against-money-laundering
http://www.mondovisione.com/media-and-resources/news/bank-of-italy-ing-bank-anti-money-laundering-measures/
Like this:
Like Loading...
Related
Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
View all posts by raytodd2017
raytodd.blog 