OSKB’s Geertjan van Oosten and Dinya Torny discuss how individuals at suspected companies also run the risk of criminal prosecution
In early September 2018 news emerged that the Dutch Public Prosecution Service (PPS) had conducted a large scale criminal investigation into ING Bank and had agreed a settlement. The settlement amount of €775m was the largest in Dutch history. The PPS announced that ING Bank had for years failed to take measures to prevent money laundering with its bank accounts. In the opinion of the PPS, ING was guilty of culpable money laundering.