Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Money laundering
Money laundering Photo: pen9397/DepositPhotos
Business
Crime
money laundering
criminal money
Brigitte Unger
Utrecht University
iCOV
police
public prosecutor
Tax Authority
FIU Nederland
Wednesday, November 13, 2019 - 09:10
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Money launderers annually wash €13 billion in the Netherlands

Every year around 13 billion euros of criminal money is laundered in the Netherlands, according to a study by Brigitte Unger, Professor of Economics at Utrecht University. Laundered criminal money accounts for around 1.6 percent of the Dutch economy, she concluded,Financieele Dagblad reports.

The majority of this laundered criminal money comes from the Netherlands itself. Criminals earn around 16 billion euros in the Netherlands through their criminal practices per year. About half of that amount is also laundered in the Netherlands.

The remaining 5 billion euros comes from abroad, according to Unger. Over 4 billion euros of the money laundered in the Netherlands flows to other countries. 

Unger conducted this study in collaboration with think tank for criminal and inexplicable wealth iCOV. This think tank is a collaboration between the police, the Public Prosecution Service, the Tax Authority, and financial intelligence unite FIU Nederland. The professor had access to transaction reports from banks and casinos for her research. 

Image
Ferrari seized in Almere by Dutch police
A Ferrari was impounded by police as part of a money laundering investigation on Vergulde Draakstraat in Almere. Officers also seized jewelry and froze bank account assets in the case. Nov. 12, 2019 Photo: Politie

Follow us:

Latest stories

  • Health Minister shocked by explosion at coronavirus test center
  • Shopping by appointment: What to expect
  • Half of buyers cannot find affordable home
  • Full list of all coronavirus lockdown restrictions as of March 3
  • Persistent fog along the coast, sunshine expected elsewhere in NL
  • Yellow toxic substance hanging above Hengelo; Locals urged to stay inside

Top Stories

  • Explosion at Covid test center in Noord-Holland town
  • All Dutch who want Covid vaccination can get first shot by July, Health Min. says
  • Hairdressers open again as lockdown measures relax
  • Weekly figures show 26% rise in 1st Covid vaccinations, 52% rise in 2nd doses
  • Dutch Covid hospitalizations up for third day with further increase expected
  • Coronavirus positive test rate falls below 9%; Viral reproduction rising

© 2012-2021 NLTimes.nl, All rights reserved.

Footer menu

  • Privacy
  • Contact