Dutch Probe Into UBS CEO Ralph Hamers Delayed, Bilanz Says

UBS Group AG’s Chief Executive Officer Ralph Hamers will have to wait longer to find out the results of a Dutch probe into his role in a money laundering scandal at his previous employer ING Groep NV.

A decision into whether the public prosecutor would indict Hamers was expected in the first quarter of 2022, but has been delayed, according to a report by Swiss news magazine Bilanz, which did not cite any sources. Dutch prosecutors have been preoccupied with a similar failure in anti-money laundering controls at Dutch rival ABN Amro Bank NV at which the prosecutors are ...