ING has taken notice of the news reports about its activities in Geneva. ING does nog recognize itself in the way it is portrayed. ING is fully committed to conducting its business with the highest levels of integrity and regulatory compliance, which includes strict compliance with all applicable laws, regulations and standards in each of the markets and jurisdictions in which we operate.
In the past years attention has increased at regulators, in society and in the financial sector for non-financial risk areas, such as customer due diligence and anti-money laundering. This also goes for ING. Over the past years ING has taken many actions in this regard, including assessing customer relationships. This can lead to and in practice has led to reporting of transactions, blocking of transactions and exiting client relationships. We will continue this process. We hope you can understand that due to our policies and local regulations we cannot go into details of individual clients or potential clients.