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Weeks after compliance chiefs at some of the Netherlands' largest banks signaled likely cuts to their departments at an industry conference near Utrecht, ING, the country's leading financial institution by market share, has begun planning for layoffs. After years of sustained investment in its anti-money laundering defenses, the Amsterdam-headquartered bank is consulting staff on job cuts in the group-level compliance function, also known as the second line of defense, and commercial department, commonly referred to as the first line, according to internal records seen by ACAMS moneylaundering.com. "The changes follow the successful completion of major compliance and KYC [know-your-customer] remediation...