Moroccan charity faces account termination due to ING money laundering rules

(NL Times) ING wants to close the bank account of the Najiba Foundation, which raises money for earthquake victims in Morocco. On Friday, the Islamic charity said it had collected more than 900,000 euros in donations. Now this venture is on the verge of collapse, as the foundation is said to be relying on shaky administration and an unreliable accountant, the Financieele Dagblad (FD) reports.

The first step taken by the charity’s chairman Mourad Baddaou is to hire lawyer Jasper Hagers of Fennek Advocaten. The latter is working with lawyer Lisa Jie Sam Foek to ensure that the donations arrive in Morocco and are not lost. And that’s with a deadline.

Because ING announced that the bank account of Baddaou’s foundation would be terminated on October 28, 2023.

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