Former ING chief should face charges over bank’s money laundering scandal: court

DutchNews, December 9, 2020 

Photo: ING.com

Former ING chief executive Ralph Hamers should face charges personally for his role in the money laundering scandal which led the financial services group to reach a €775m out of court settlement in 2018, appeal court judges in The Hague said on Wednesday. 

The case has been brought by campaign group Sobi, which says Hamers should face criminal charges. ‘The facts are serious, no settlement was reached with the management and he has never accepted public responsibility for his actions,’ campaigner Pieter Lakeman said. 

‘Managers who consciously make mistakes should not be able to buy themselves free by agreeing to very high fines while shareholders pick up the bill. It is of great importance that Hamers faces prosecution.’ 

The court said in its ruling that while it supported the public prosecution’s decision to look for a settlement, as CEO, Hammers was authorised and required to take measures to prevent criminal behaviour. ‘However, not only did he fail to do this and thereby promote this behaviour, but he also consciously accepted the risk that it would continue,’ the court said. 

ING said in a reaction it regretted the court decision. ‘We … regret the decision to order the prosecution of our former CEO, which goes against the assessment of the public prosecutors that, based on the investigation, there are no grounds for a case against ING employees or former employees,’ ING said in a statement. 

Hamers is now chief executive of Swiss bank UBS which, according to Reuters, says it is confident he will be able to remain in the job. 

The public prosecution department reached a €775m out of court settlement with ING for failing to properly monitor money transfers for potential money laundering in September 2018.

The department said between 2010 and 2016, the bank’s clients were effectively able to launder hundreds of millions of euros because ING was not doing its job properly. Banks are required by law to report suspicious transactions.

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"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once),Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”