A Dutch court's ruling paving the way for former ING chief executive Ralph Hamers to stand trial for systemic anti-money laundering violations that the Dutch lender committed on his watch has major implications for other high-ranking managers of banks in the Netherlands.
Dutch officials have assessed two major penalties against banks in recent years to settle systemic anti-money laundering breaches, led by the record €775 million fine against ING in September 2018 and the €480 million settlement with ABN Amro in April of this year.
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