Enforcement of anti-money laundering rules in the Netherlands

3.10.2018

Question for written answer E-005064-18
to the Commission
Rule 130
Alfred Sant (S&D)

On 4 September 2018, the Dutch bank ING admitted that criminals had used its accounts to launder money for years. The bank agreed to pay a settlement of EUR 775 million, consisting of a fine of EUR 675 million and a total of EUR 100 million in illicit gains returned.

Financial prosecutors found that ING had for years been violating the anti-money laundering legislation by failing to properly vet account holders and by overlooking unusual transactions.

What actions have been taken, are being taken or will be taken by the Commission to investigate whether, given the abovementioned case, the Dutch financial authorities are presenting general and systemic shortcomings in the enforcement of anti-money laundering rules?