ING to Pay Fine to End Dutch Money Laundering Probe

The video discusses a case involving ING and the Dutch Public Prosecutor, focusing on issues with ING's customer due diligence checks. The case combines four incidents into one settlement, marking the largest fine ever imposed on a bank by the Dutch authorities. The market reacted with some pressure on ING's stock. The settlement was first announced in 2017, and its size is notable in the Netherlands, though similar settlements are more common in the US. An analyst expected the outcome due to US authorities' involvement.

What is significant about the fine imposed by the Dutch Public Prosecutor?

Why did one analyst expect the settlement amount to be high?