Dutch bank ING will strengthen its anti-money-laundering and counter-terrorism financing systems in line with an enforceable undertaking given to financial crime regulator AUSTRAC.
AUSTRAC said ING had agreed to strengthen its AML and CTF program and risk assessment, its international funds transfer instructions and suspicious matter reporting, as well as its transaction monitoring.
Loading...
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
