ING Bank Fined by GIFI for not Complying the Regulations

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ING Bank Śląski is to pay a fine of PLN 21.66 million for failure to comply with the obligation to apply financial security measures.

The General Inspector of Financial Information penalized ING bank for failure to comply with the obligation to apply financial security measures and to provide the inspection with full information and notifications. The bank has to pay a fine of PLN 21.66 million.

The decision to punish the bank was made by the General Inspector of Financial Information at the end of August. It was issued after the inspection carried out in March 2021, covering the period 01/01/2014 – 31/10/2020. The areas in which the deficiencies were found are the obligation to apply financial security measures and to submit notifications and complete information to the GIFI. The Inspectorate’s final decision on this matter was issued on Tuesday.

The bank informed that in accordance with the recommendations of the act and the guidelines of the General Inspector of Financial Information, it has already strengthened the process of identifying customers and the sources of their income.


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