In this file photo taken on November 07, 2012 an employee arrives at the Dutch bank ING in Amsterdam.
/ AFP / ANP / TOUSSAINT KLUITERS
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Dutch banking giant ING has paid 775 million euros ($897 million) to settle a criminal investigation over money laundering after it failed to ensure its accounts were not misused, prosecutors said Tuesday.The amount included a 675 million euro fine and a reimbursement of 100 million euros which ING underspent on staffing to prevent the crimes as well as carry out due diligence procedures."Clients were able to use accounts held with ING NL for criminal activities for many years, virtually undisturbed," it said, adding that the bank did not prevent customers from laundering "hundreds of millions of euros between 2010 and 2016 ". Financial investigators two years ago launched a probe after their investigations revealed that many white-collar crime suspects held bank accounts at ING.In another case a women's underwear trader laundered 150 million euros through a bank account held at ING.ING has over 52,000 employees and customers in over 40 countries.
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