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 …
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 …
