ING may have tried to avoid American sanctions by transferring an amount of 45 million dollars to a subsidiary of Russian state bank Vnesheconombank in 2014, while that state bank was on an American sanctions list,
and research collective
This is stated in the more than 2,500 documents from the American anti-money laundering authority FinCEN that were leaked on Sunday.
The Russian state-owned bank Vnesheconombank was on the US sanctions list in 2014 due to the Russian annexation of Crimea.
When ING wanted to transfer 45 million dollars to its subsidiary VEB Leasing on August 7, 2014, it was therefore blocked.
A week later, ING was able to transfer the amount, but omitted the name VEB Leasing from the payment details.
Bank of America, which verified the data, calls this "an attempt to evade sanctions" in the leaked documents.
In a response to
ING said it would
not respond to individual customers or transactions.
Two years earlier, ING was also fined $ 619 million by the US authorities for failing to comply with US sanctions against Cuba and Iran.
ING would also have omitted payment details for transactions to those countries.
"More misery about money laundering in the near future"
got the leaked documents from the US anti-money laundering authority into the hands of the
International Consortium of Investigative Journalists
(ICIJ), who in turn received them from news site
It concerns more than 2,5000 documents about money laundering between 2000 and 2017.
The documents show, among other things, that two Dutch companies may have diverted billions of illegal dollars from Russia.
Rich Russians could secretly move their money to the West.
An ING subsidiary in Poland played an important role in this.
Minister of Finance Wopke Hoekstra warned Tuesday that more reports will appear about money laundering practices in the near future.
"We will find more misery from the past with regard to money laundering in the coming months and years," Hoekstra said.
See also: What you need to know about the leaked FinCEN Files