Tag: Swedbank

Ralph Hamers and ING’s Money Laundering Scandal: A Pending Indictment and Comparisons to Swedbank’s Case

Money Laundering Ben -
Former ING CEO Ralph Hamers continues to face legal scrutiny for his role in ING's involvement in large-scale money laundering activities. Although the bank settled with Dutch authorities in 2018, paying a €775 million fine, Hamers has yet to be personally charged. Despite a Dutch court's order, prosecutors have yet to formally indict him, raising questions about the pace and priority of anti-money laundering (AML) enforcement in the Netherlands compared to other EU jurisdictions.

Swedish Court Sends Ex-CEO of Swedbank to Prison Over Money Laundering Issues!

Court Cases Charlene Lensburg -
It's not often that the former CEO of a European bank is sentenced to prison over a money laundering case. But it happened in Sweden as OCCRP reports. Overturning her previous acquittal, a Swedish court sent former Swedbank CEO Birgitte Bonnesen behind bars for 15 months for having made misleading, financially damaging statements about the bank’s poor anti-money laundering operations.