Dutch prosecutors drop criminal cases against former ING, ABN executives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: Reuters
Prosecutors' Decision: Dutch prosecutors have decided not to pursue criminal charges against former executives of ING and ABN Amro, citing insufficient evidence related to money laundering investigations.
Previous Fines: Both banks faced significant fines in the past for failing to prevent money laundering, with ING fined 775 million euros in 2018 and ABN Amro settling for 480 million euros in 2021.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
