March 16, 2019
ING Groep NV was told to stop taking on new clients in Italy, in an unusual step for the country’s central bank, after it found shortcomings in money laundering checks at the country’s biggest online lender.
The Bank of Italy identified compliance issues at the Amsterdam-based lender during a four-month inspection in Italy that ended in January, according to a statement late Saturday. Milan prosecutors have opened a related money-laundering probe, Il Sole 24 Ore reported without saying where it got the information.