The bank employee had transferred the money from his brother’s account to his own account for gambling. He had adjusted the bank statements and changed the name of the authorized representative of the account. In addition, he tried to conceal that the transfers had been made.
Since the beginning of 2015, everyone who works for a bank has been required to take the banker’s oath. Through this oath and the accompanying code of conduct, all approximately 65,000 bank employees in the Netherlands are bound by disciplinary law. Anyone who violates the rules can be tackled by the Bank Disciplinary Law Foundation.
Conflict of interest
Another bank employee who took home a USB stick with confidential customer data is not allowed to practice his profession for six months. He had started his own business while still employed by the bank and wanted to advise a few clients when he was out of service. The Banking Disciplinary Committee believes that he is therefore guilty of a conflict of interest.
In yet another case, a bank employee entered two credit applications into the banking system but deviated from the bank’s policy. In this way he was able to provide a loan to the applicants, who were not eligible according to the rules of the bank. His employer reprimanded him and put him in a lower position. The Banking Disciplinary Commission has imposed a conditional professional ban of two months on him.
