Gambling with money from fake bank accounts: professional ban

28 August 2019
Verdicts Disciplinary Committee
Professional ban

A bank employee was handed a 30 months professional ban for creating bank accounts, attaching credit cards to them and using them to gamble online. The employee was able to hide his actions long enough to cause €850.000 in damages as he tried to cover up betting losses with engaging in more bets. The employee finally reported himself to his management. The Disciplinary Commission ruled that the employee's actions constituted a severe breach of the Bankers Oath. The name of the (now former) bank employee has been added to the registry of the Foundation for Banking Ethics Enforcement, which can be accessed by Dutch banks.