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The
proposed settlement, known as an "agreed penalty", has yet to be
confirmed by a judge but it has already won the backing of the
prosecutors, the sources said.
ING had no immediate comment.
Last year ING, the Netherlands' largest financial services
provider, admitted criminals had been able to launder money
through its accounts and agreed to pay 775 million euros to
settle the case in its home country.
The Italian investigation was launched at the beginning of this
year after Milan prosecutors received requests for assistance
from several other European countries, and in particular from
Germany, where hundreds of people had reported online scams, the
sources added.
The alleged scams investigated by Milan prosecutors were carried
out from 2016 to 2018 using various online accounts and the
stolen money ended up in about 310 current accounts at ING in
Milan, the sources said.
ING Italy was put under investigation for money laundering in
March, alleging it lacked adequate control systems and failed to
prevent money laundering transactions through its accounts.
Last March Bank of Italy, which had carried out its own
inspection, told ING that it would not be allowed to take on new
customers in Italy if it did not improve its monitoring of
client behavior.
($1 = 0.9073 euros)
(Editing by Silvia Aloisi)
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