FRANCE: REGULATOR FINES ING BANK €3 MILLION FOR AML LAPSES

A statement from ING on 2 March advised that the Autorité de contrôle prudentiel et de résolution (ACPR), has imposed the fine following its inspection in 2018, for shortcomings in its AML and anti-terrorist financing framework.  ING says that it has put in place all the necessary corrective measures to strengthen its processes and management of compliance risks.

https://www.ing.com/Newsroom/News/ING-acknowledges-decision-by-French-financial-regulator.htm

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

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