Saturday, October 31, 2020

Dutch bank ING close to settlement deal with Italian authorities over money-laundering investigation

Dutch bank ING close to settlement deal with Italian authorities over money-laundering investigation 1
By FccedReporter

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Dutch bank ING close to settlement deal with Italian authorities over money-laundering investigation 2

ING Groep NV (INGA.AS) is in discussions with the Italian judicial authorities over a money-laundering investigation, the Dutch bank said on Thursday.

Earlier on Thursday two sources familiar with the matter told Reuters that ING’s Italian business reached a provisional deal with Milan prosecutors to settle the investigation by paying 30 million euros ($33 million).

“We are in discussions with Italian judicial authorities concerning these conclusions and related investigation. Meanwhile we do not comment”, the bank said in a statement.

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