Tuesday, September 22, 2020
These files are the latest in a series of revelations in recent years that have exposed secret deals, money laundering and financial crimes. For example back in 2018, ING Bank paid the Dutch Public Prosecution Service a massive 775 million euros in fines for inadequate controls on money laundering activities.
At that time Fair Finance Guide Netherlands published a call for changes in the banking sector that are just as relevant today. So here are five steps banks can take to show that they are serious about tackling money laundering:
Fair Finance International operates guides in 11 countries assessing, reporting on, and campaigning for financial institutions' to invest responsibly.
Check out our national Fair Finance Guides.
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