Probe into UBS chief Ralph Hamers about money laundering at ING
ING avoided prosecution in 2018 by agreeing to a €775m settlement and admitting it had failed to comply with anti-money-laundering rules
09 December 2020 - 18:39
As Ralph Hamers starts to make his mark as UBS’s new CEO, his past at the helm of Dutch bank ING Groep keeps coming back to haunt him.
A Dutch court ordered the public prosecutor to open a probe into Hamers’s role in ING’s past failures to comply with anti-money-laundering rules, according to statements from the two banks on Wednesday. UBS said it has full confidence in the executive’s ability to lead the company...
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