The Public Prosecution Service has decided against prosecuting former ING CEO Ralph Hamers for his role in a money laundering scandal at the bank. "Although it must be concluded in retrospect that the measures taken internally by ING at the time were insufficient, the Public Prosecution Service concludes that the investigation has not yielded sufficient evidence that would justify the …
This story originally appeared on The 19th. RULEVILLE, Mississippi — When Charles “Mac” McLaurin walks past the gates of the small garden that is the final resting place for his friend, civil rights activist Fannie Lou Hamer, he tends to bypass the historic marker with the milestones of her life, as well as the headstone etched with her famous words: …
Ralph Hamers will step down as CEO of Swiss Bank UBS on April 5, after the bank has taken over the struggling Credit Suisse. “Integrating Credit Suisse is UBS’s single most important task, and I am confident that Sergio will successfully guide the bank through this next phase,” Hamers said. It has been a pleasure and privilege to lead this …
Former ING CEO Ralph Hamers will be personally prosecuted for the major money laundering scandals for which the Dutch bank paid a 775 million euros fine in a settlement agreement with the Public Prosecutor in 2018. The court decided Hamers should be personally prosecuted in an Article 12 procedure filed by the company information research foundation SOBI, NOS reports. "The …
