ING Groep NV said its Payvision unit is under criminal investigation for actions taken before and after its acquisition by the Dutch bank.
The announcement comes after ING in October had said that the unit was being probed for possible infringments committed before it was taken over by the bank in 2018.
Payvision is being investigated by “Dutch authorities regarding money laundering and various requirements of the Dutch act on Anti-Money Laundering and Counter Terrorist Financing, focusing on the period from 1 January 2015 up to and including April 2020,” the Dutch lender said in its annual report published Thursday. ...