12 December 2017
visit www.solutions.lexisnexis.com

ING employee in Y500 million settlement fraud - Reuters

12 July 2002  |  4007 views  |  0 ING employee in Y500 million settlement fraud - Reuters

A settlements officer at ING Securities in Tokyo has vanished after the Dutch broker discovered securities worth millions of yen were missing, according to a Reuters report.

The newswire report says ING confronted the employee after routine monitoring revealed irregularities, and he subsequently failed to turn up for work. Police have been informed.

Spokeswoman Joyce Hurst told Reuters: "This employee was part of the settlements department. He had access to securities. Some of them are missing."

The missing securities are believed to be worth around Y500 million ($4.28 million). It is not yet clear whether the fraud involved paper or electronic documents.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ING banks on SunGard for credit risk management

ING banks on SunGard for credit risk management

05 June 2002  |  3334 views  |  0 comments
FXall integrates 11 liquidity providers to platform

FXall integrates 11 liquidity providers to platform

14 May 2002  |  5052 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.atos.netvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11781 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8665 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7068 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6809 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6711 views comments | 17 tweets | 35 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job