Italian court orders ING to pay $33.17 million to settle money laundering probe: judicial source

On Tuesday, a court in Milan, ordered Dutch lender ING to pay $33.17 million (30 million euros) to settle a money-laundering case in Italy, said a judicial source.

Judge Roberto Crepaldi imposed a penalty of 1 million euros on ING and ordered it to pay another 29 million euros.

In 2018, ING, Netherlands’ biggest financial services provider, had admitted that criminals had been able to launder money through its accounts and had agreed to settle a probe by paying 775 million euros.

ING declined comments.



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