On Tuesday, a presiding judge in a Milan Court, judge Roberto Crepaldi has instructed the Netherlands’ largest financial services provider, ING to pay 30 million euros – 1million euro penalty and another 29 million euros to be seized from the profit earned. The court gave the order following the successful money laundering activities through the lender in 2018. ING admitted that criminals were able to launder money via its account due to a lack of effective control and weak monitoring system and agreed to pay 775 million euros to take care of the case in Netherland.
