Published by Global Banking & Finance Review®
Posted on August 20, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleING Belgium is under investigation for alleged money laundering involving ex-EU commissioner Didier Reynders, who denies the charges.
By Sudip Kar-Gupta
BRUSSELS (Reuters) -ING Belgium is under investigation as part of an ongoing probe into alleged money laundering by former European Union commissioner Didier Reynders - who denies the charge.
"The public prosecutor's office confirms an investigation has been opened. No further comments will be made," said a spokesperson for the Belgian prosecutor's department on Wednesday, confirming an earlier report in Le Soir newspaper.
The investigation will examine ING Belgium's role in holding one of Reynders' bank accounts, which had large sums of liquid cash going in over 2008-2018, reported Le Soir.
Asked to comment on the case in question, ING replied that "due to privacy and legal obligations, we are not able to provide details relating to this matter".
"ING is strongly committed to fighting financial crime and invests significantly to detect money laundering practices - this is a top priority for the bank," added ING.
"We also work closely and cooperatively with many external stakeholders across a range of banking matters - including financial crime - and are actively doing our part to help ensure the integrity of the financial system," ING also said.
Reynders, a Belgian national, served as Belgium's finance minister and later on as its foreign minister. He was also the EU Commissioner for Justice from 2019-2024.
He has denied the charge via his lawyer Andre Renette. Renette did not have any further comments to make on the matter, when contacted on Wednesday.
(Reporting by Sudip Kar-GuptaEditing by Mark Potter)
ING Belgium is being investigated for its role in holding a bank account belonging to former EU commissioner Didier Reynders, which allegedly involved large sums of cash from 2008 to 2018.
ING stated that due to privacy and legal obligations, they cannot provide details about the investigation but emphasized their commitment to fighting financial crime.
Didier Reynders is a former Belgian finance minister and EU Commissioner for Justice, who has been accused of money laundering, a charge he denies through his lawyer.
The Belgian prosecutor's office confirmed that an investigation has been opened regarding the allegations against Reynders and ING Belgium's involvement.
ING has stated that fighting financial crime is a top priority and that they invest significantly in detecting money laundering practices while cooperating with external stakeholders.
Explore more articles in the Finance category
