ING and Danske Bank are in the spotlight for their handling of dirty money Allow
The scandals expose gaps in the EU’s anti-money-laundering regime
Sep 6th 2018
A LINGERIE trader, a building-materials supplier and two fruit-and-vegetable importers are all accused of laundering hundreds of millions of euros through their accounts with ING, a big Dutch bank, between 2010 and 2015.
Its accounts were also used by a telecoms company, VimpelCom (now VEON), to pay $55m in bribes in order to operate in Uzbekistan (the firm admitted the charges and reached a separate settlement with Dutch and American authorities in 2016).
Compromised defences