Finance

ING’s Ex-CEO Ralph Hamers to Learn Decision by Prosecutors This Year

Dutch money laundering case has run for almost four years
ING paid €775 million settlement to avoid prosecution in 2018

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Cagan Koc

October 4, 2024 at 4:55 PM UTC

This article is for subscribers only.

Prosecutors will decide by the end of the year whether to charge former ING Groep NV Chief Executive Officer Ralph Hamers after the Dutch bank agreed to settle for failing to follow rules against money laundering.

The timeline would advance a probe begun in late 2020 when a Dutch court asked prosecutors to investigate Hamers’ role in the compliance case, which had led ING to agree to a €775 million ($849 million) settlement in 2018 to avoid prosecution.