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NEWS: ING apologizes for ‘discrimination’ during AML checks

Premium June 6, 2025

The ING Group logo is displayed in Amsterdam,, Netherlands, February 1 2024. REUTERS/Piroschka van de Wouw/File Photo

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ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

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CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

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NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

By PAUL O’DONOGHUE, Senior Correspondent

DUTCH banking giant ING has apologized to customers after admitting its anti-money laundering (AML) checks have had a ‘discriminatory’ effect.

The lender said it had made “concrete steps” to improve how it questions customers. The move follows findings that young people and ethnic minorities were more likely to face intrusive checks.

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Premium

ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

 Premium

CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

Regulatory Watch News

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    OLAF

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