ING Italy to strengthen compliance
(WorldNews Netherlands)

Amsterdam ING has been informed by the Banca d`Italia of their report with conclusions regarding shortcomings in AML processes at ING Italy. ING will analyse the findings from an inspection conducted from October 2018 until January 2019 and will discuss them further with the Banca d`Italia. In line with the enhancement programme announced last year, it is taking the necessary steps to improve processes and management of compliance risks as required by the Banca d`Italia. In close consultation and in agreement with the Banca d`Italia, ING Italy will refrain from taking on new customers during further discussions on the enhancement plans with the Banca d`Italia. ING will continue to fully...