News Summary: ING settles sanctions evasion case

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SANCTIONS EVASIONS: ING Bank agreed to pay $619 million to settle charges that it secretly moved billions of dollars through the U.S. financial system on behalf of Cuban and Iranian customers, in violation of U.S. sanctions.

COOKED BOOKS: ING intentionally deleted information about thousands of transactions that would have linked the money to sanctioned parties, the Treasury Department said.

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