Suri-Change money exchanger loses DNB licenses over money laundering suspicions

The Dutch central bank DNB has revoked the licenses of the money exchange office Suri-Change. The Rotterdam company has been the subject of a criminal investigation for money laundering and underground banking since the spring, NOS reports.

Since last week, the company is no longer registered with the DNB. The regulator wouldn’t comment on the matter to NOS, citing confidentiality. The currency exchange office has had two DNB licenses since 2004 - one for sending money abroad without the intervention of a bank and one for exchanging foreign currencies.

Suri-Change can still object to the measure, the company’s lawyer told the broadcaster. “Suri-Change has been around for more than 30 years and has never committed any crime,” lawyer Ayse Cimen said.

In March, the police raided several Suri-Change branches and arrested five people. After the police action, there were explosive attacks on various Suri-Change branches in Amsterdam, The Hague, and Rotterdam. The municipalities closed all affected branches.