A court ordered Dutch bank ING Bank NV to pay Foot Locker Inc. €300,000 for failing to prevent a €1.8 million fraud at the U.S. athletic footwear and apparel retailer's Dutch and European units in 2015, Retail Detail reported Aug. 7.

Foot Locker reportedly transferred €1.8 million in total to UPS Consultancy, after receiving a bill in late 2015 from the ING-registered account, which it mistakenly assumed to be related to logistics company United Parcel Service Inc.

The owner of UPS Consultancy, a company founded in 2014, was allegedly able to move the amount overseas even though the account was allowed to receive less than €1,000 per month.

According to the online news agency, a judge ruled that the Dutch bank should have acted faster to prevent the fraud, especially since the money was always immediately moved to another account. ING Bank also did not notify Foot Locker when it launched its own investigation into money laundering, and reportedly blocked the account only a month after suspicions of fraud arose.

Retail Detail added that the 25-year-old owner of UPS Consultancy was sentenced to 322 days in prison and ordered to pay back part of the money.