Published On: Wed, Nov 7th, 2018

ING saw nothing suspicious in 150 million transactions from Curaçao company

ing-bankWILLEMSTAD - The ING bank saw 'nothing suspicious' in transactions worth € 150 million by a company in Curaçao. This is what the lawyer of one of the five suspects in a large money laundering case claimed today during a non-substantive hearing at the court in Zwolle, the Netherlands.

In this case, a family from Curaçao is suspected of laundering a total of more than $ 322 million. The Public Prosecution Service (OM) assumes it is a criminal organization that made large use of 'dollar tourism' from Venezuela. Venezuelans supposedly bought goods from one of the family's businesses, but in reality they got US dollars against a commission. This exchange in dollars, also called 'swiping', was tolerated in Curaçao according to the lawyers.

However, the Central Bank of Curaçao and Sint Maarten states that it did not know anything about it and that it is in conflict with the regulations.

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