ING ordered to pay 30 million euros to settle Italy money-laundering probe: source

MILAN (Reuters) – A Milan ordered Dutch lender ING <INGA.AS> to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday.

The judge Roberto Crepaldi imposed a penalty of 1 million euros ordered another 29 million euros to be confiscated from profits earned by ING.

The Netherlands’ largest financial services provider admitted in 2018 that criminals had been able to launder money through its accounts and agreed to pay 775 million euros to settle the case in its home country.

The bank declined to comment.

(Reporting by Alfredo Faieta, writing by Cristina Carlevaro, editing by James Mackenzie)