Dutch banking group ING has been told not to acquire any new clients in Italy by the Italian central bank because of flaws in money laundering checks.
The Bank of Italy gave the order after a four-month on-site inspection, it said in a statement at the weekend.
ING itself says it will work hard in the coming weeks to tackle the shortcomings and solve the problems which Italian central bank inspectors identified.
Read More.. Source DutchNews.nl