ING Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Anti-money-laundering and customer-due-diligence failures
Dutch authorities investigated shortcomings in ING's systems for identifying and monitoring customers and transactions. ING entered a settlement and committed to strengthening compliance governance, controls and remediation.
1995
Barings Bank derivatives collapse
Barings Bank collapsed after trader Nick Leeson accumulated and concealed very large unauthorized losses in futures trading. ING acquired the failed bank for a nominal amount and assumed its liabilities, turning the episode into a major risk-management lesson associated with ING's acquisition history.