A&O advising as Dutch banking giant ING hit with £700m fine

The bank has been fined for allegedly not preventing accounts from being used for money laundering

Allen & Overy (A&O) is advising Dutch banking group ING over an investigation by the Dutch Public Prosecution Service (Openbaar Ministerie), resulting in the bank being fined €775m (£698m) for allegedly failing to carry out due diligence, which enabled customers to easily launder money.

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