ING faces new legal case after laundering issue

THE HAGUE, the Netherlands: ING said on Wednesday it has been summoned by investors claiming to have lost millions of euros after the Dutch banking giant paid a settlement in a criminal probe five-and-a-half years ago.

Amsterdam-based ING paid Dutch prosecutors 775 million euros ($835 million) to settle a laundering probe in 2018 after it failed to ensure that clients were not hiding cash for illegal purposes in its accounts.