<p class="MsoNormal">A Dutch court on Wednesday ordered the prosecution of UBS Group AG’s new CEO Ralph Hamers for his past stint as CEO of ING Groep NV that failed to comply with anti-money laundering rules. Hamers was at the helm of affairs at ING when it settled a $940 million laundering probe with Dutch authorities in 2018. The Dutch lender failed to ensure that people were not hiding cash used for illegal purposes in its accounts.</p>
