UBS boss Ralph Hamers has just been caught up in an old case of laundering tax evasion. The facts date back to before 2016.

For an old scandal revealed under his leadership at ING, Ralph Hamers, who took over as head of the Swiss bank last November, finds himself in the spotlight. The record fine paid by the Dutch bank for laundering tax evasion was not enough to put an end to the proceedings.
Indeed, the ING bank, which he had run since 2013, was found guilty of having allowed its "customers to use their account for criminal activities without being almost worried", and of having thus laundered hundreds of million euros and allowed to pay bribes for more than six years.
The Dutch bank and its manager Ralph Hamers thought they had closed this scandal by paying the court 775 million euros in 2018. But a court of appeal in the Netherlands ruled that there was enough evidence to initiate proceedings .