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AMSTERDAM (Reuters) – The Italian central bank announced on Saturday that the Dutch lender ING was not allowed to acquire new customers in Italy until it had improved its monitoring of the behavior of its banks. customers.
This follows inspections conducted by the Banca d'Italia from last October to early 2019, which showed that ING Italy had not done enough to prevent money laundering operations carried out by Italy. through its accounts.
Last September, ING paid a record fine of € 775 million (€ 660.2 million) to Dutch prosecutors for failing to detect criminal use of its Dutch accounts for years.
The bank indicated that the deficiencies noted by the Italian supervisory authorities were the result of measures announced after the Dutch regulation aimed at improving the management of compliance risks.
"In the coming days, ING will work hard to address the identified problems and solve the identified problems," said the lender.
ING said it would refrain from recruiting new customers in Italy during subsequent discussions with Banca d'Italia, but would continue to serve existing customers in the country.
(Report by Bart Meijer, edited by Marguerita Choy)
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