ING Settles Belgium Money Laundering Probe for 1.6 Million Euros
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12 Articles
ING has reached the maximum out-of-court settlement of 1.6 million euros in Belgium for its role in the money laundering case surrounding the former Belgian...
ING settles Belgium money laundering probe for 1.6 million euros
Dutch banking group ING has reached a 1.6 million euro ($1.9 million) settlement in a money‑laundering investigation linked to transactions involving former European Commissioner Didier Reynders, the Brussels prosecutor’s office said on Tuesday.
Former Walloon politician Didier Reynders made 245 cash deposits and 779 e-Lotto transfers totaling more than 1 million euros. ING made no mention of this.
ING is paying a settlement of 1.6 million euros to avoid prosecution for money laundering, the Brussels public prosecutor's office reports. The bank had allegedly been aware since 2018 of regular cash deposits by former European Commissioner Didier Reynders, who is suspected of money laundering practices.
In the margins of the money laundering investigation into Didier Reynders (MR), the bank ING has paid an out-of-court settlement of 1.6 million euros. According to the public prosecutor's office, there were indications that the bank might have been complicit in money laundering practices, but due to the out-of-court settlement, the bank will not be prosecuted in any case.
ING has settled the Belgian money laundering case involving former politician Didier Reynders for 1.6 million euros. The Brussels public prosecutor's office announced this.
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