money laundering

Lady Justice in Netherlands
Jan 16 '20 09:19

After spending years in prison in Thailand, Dutch coffeeshop owner Johan van Laarhoven is on a plane back to the Netherlands. The plane has left Thai airspace and is expected to land at Schiphol Airport on Thursday evening, Van Laarhoven's family confirmed to NU.nl.

"We are incredibly happy with Johan's return," his brother Frans van Laarhoven said to the newspaper. "My family and I can't wait to have him back in our midst."

Rotterdam money laundering arrest
Dec 25 '19 15:30

Police investigating an aggressive man on the streets of central Rotterdam led to the accidental discovery of thousands of euros in loose cash. The suspect was trying to cover something up when he was taken into custody, and the pile of money plopped out of his clothes, police said.

Officers monitoring a security camera saw a man with a bottle of liquor trying to pick a fight with anyone who walked past him. When police arrived on scene the man took off running, but was found soon after hiding under a delivery van.

Ridouan Taghi
Dec 17 '19 11:47

In the investigation into the criminal organization allegedly run by Ridouan Taghi, who was arrested in Dubai on Monday, the Dutch police raided eight homes and arrested six people on Tuesday night. The suspects are five men and a woman between the ages of 29 and 45 years, the police said on Wednesday.

Koninklijke Marechaussee
Dec 12 '19 13:30

A 30-year-old man from Albania was arrested at Schiphol on December 8th on suspicion of money laundering after his cash-filled suitcase burst open at the airport, the Koninklijke Marechaussee reported on Wednesday after the man's arraignment.

Money laundering
Nov 29 '19 11:10

Four banks teamed up with the Dutch government and authorities to fight against financial service providers who launder money for criminals, Financieele Dagblad reported on Friday based on information from an anonymous source.

According to FD, ABN Amro, ING, Rabobank and Volksbank signed a covenant with the National Police, the FIOD, the Public Prosecution Service, and financial intelligence unit FIU. This "serious crime task force" will focus on upper world lackeys who facilitate undermining crime. 

Rabobank
Nov 22 '19 10:12

Dutch central bank DNB penalized Rabobank last year due to money laundering risk. The bank has not yet sufficiently screened 40 thousand of its customers. The bank confirmed this penalty payment, saying that it mentioned it in reports, NOS reports.

ABN Amro logo on a building in Rotterdam
Nov 21 '19 11:00

When merging with Fortis in 2010, ABN Amro failed to screen the over 5 million Fortis customers individually, according to NRC. All 5 million of them were automatically labeled as "reliable" - the lowest risk category - meaning that ABN Amro considers them relatively harmless and unlikely to commit financial crimes, according to the newspaper.

Money laundering
Nov 13 '19 09:10

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.

Money laundering
Oct 25 '19 12:45

The police suspect a Dutch-Bosnian drug cartel of large-scale money laundering, part of which happened through ING and ABN Amro bank accounts, newspaper AD reports based on police documents in its possession.

Amsterdam_Zuidoost_ING-Bank_02_PM07
Oct 4 '19 15:20

Multiple board members and former board members of ING may still be prosecuted for their role in a massive money laundering case at the bank. The court in The Hague will soon rule on an Article 12 procedure that can force their prosecution, the Financieele Dagblad reported on Friday.

13330968_238206763216429_8101380934294304879_n
Sep 27 '19 17:10

While searching a warehouse on Piusstraat in Tilburg this week, the police found over 550 thousand euros in cash and large amounts of soft drugs. Two suspects were arrested, the police said in a statement.

The police raided a property on Piusstraat, on which two warehouses are located, on Wednesday morning. In the one warehouse, the police found nearly 30 thousand joints, 70 kilograms of cannabis, and 20 kilograms of hash. The drugs were seized and removed from the site. There was also a safe, which the police could not get open immediately.

ABN Amro
Sep 26 '19 11:27

The Public Prosecutor launched a criminal investigation into ABN Amro for money laundering and terrorism financing. The bank is suspected of reporting suspicious transactions late or not at all, and not screening its clients properly, NOS reports.

A spokesperson for ABN Amro confirmed to NOS that the bank was informed of the investigation on Wednesday. Other than that ABN Amro is fully cooperating in the investigation, the bank would say nothing further. 

Cash and Rolex watches found in a Zwijndrecht home, 13 September 2019
Sep 19 '19 17:00

Police investigating a home invasion were surprised to find hundreds of thousands of euros in cash and several expensive watches, seemingly overlooked by a group of burglars who were in the home moments earlier.

Three burglars invaded a home in Zwijndrecht, Zuid-Holland last week, and locked up a resident in the basement while they searched the home. The resident managed to escape and call the police after the robbers fled the home.

Money laundering
Sep 13 '19 08:10

Five Dutch banks want to team up and establish an organization to tackle money laundering together. The idea is that by viewing the banks' total 10 billion transactions per year together, it will be easier for the organization - which they plan to call Transactie Monitoring Nederland (TMNL) - to identify suspicious activities, the Dutch association of banks NVB said to RTL Nieuws.

Money laundering
Sep 11 '19 14:30

The VVD wants banks to check city council members for money laundering and signs of links to the criminal underworld, like the payment systems of national politicians are already monitored, VVD parliamentarian Roald van der Linde said to BNR.

A stiff wind catches the Amsterdam flag flying over Oudebrugsteeg in the city center, 7 March 2019
Aug 28 '19 07:38

Amsterdam is losing the fight against organized crime. The authorities know little about the drug economy and -crime, the police are no longer even trying to fight drugs, and the judiciary failed to tackle the real crime structures, De Telegraaf reports based on a study it has in its possession. 

Jail
Aug 27 '19 11:00

Johan van Laarhoven, a Dutch man who used to own coffeeshops The Grass Company in the Netherlands, was sentenced to 75 years in prison in cassation in Thailand. No further appeal is possible against this ruling, making the sentence final, his lawyer said to RTL Nieuws.

Police guard in a detention center
Aug 22 '19 16:10

In a major investigation into so-called criminal facilitators, the FIOD uncovered a large network of drug, weapons and anabolic steroids traffickers. Six people from Noord-Holland, Zuid-Holland, Utrecht and Flevoland were arrested over the past months. The FIOD seized 450 thousand euros in cash and bank balances, and over a million euros worth of ecstasy, steroids and medicines, AD reports.

Football
Aug 20 '19 08:35

Rabobank is no longer taking professional football clubs as clients due to "raised to unacceptable risks of money laundering, corruption, fraud and other abuses", NRC reports based on an internal message the bank circulated this summer. Rabobank employees are also no longer allowed "to take on new managerial or supervisory positions" at professional football organizations due to a "potential conflict of interest", the message said. 

ABN Amro World HQ
Aug 7 '19 09:16

Dutch central bank DNB ordered ABN Amro to review all its existing retail clients in the fight against financial crimes like money laundering, CEO Kees van Dijkhuizen revealed in a statement released with the bank's second quarter report. ABN Amro made 114 million euros available for this review of existing clients, the CEO said.

Euros
Jul 25 '19 09:18

Suspicious transactions reported in the Netherlands last year broke records in both number of reports and the amount involved. A total of 57,950 suspicious transactions were reported, involving an amount of 9.5 billion euros, according to figures released by the Netherlands' Financial Intelligence Unit (FIU), an independent investigative agency of the National Police, NU.nl reports.

€68,000 drying out at a Rotterdam police station after a man jumped into the Maas river with the cash in his pocket, 11 July 2019
Jul 12 '19 12:00

A man with 68 thousand euros in cash on him jumped into the Maas river in Rotterdam while trying to get away from the police on Thursday morning, the Rotterdam police said on Twitter. 

According to the police, officers addressed the man because he showed suspicious behavior. He could not explain why he had so much cash on him. 

"What do you do if you have 68 thousand euros in your pocket, cannot explain this and have the police right in front of you? A man on Prins Hendrikkade only saw one way out", the police tweeted. "With the money, he jumped into the water."

Amsterdam_Zuidoost_ING-Bank_02_PM07
Jul 8 '19 14:30

The Dutch government wants banks, accountants, tax specialists and trust offices to do more to detect fraud and corruption in their systems. The government therefore asked the Netherlands' Financial Intelligence Unit (FIU) to create a checklist to show financial institutions what to look out for, Financieele Dagblad reports.

Euros
Jul 1 '19 08:09

Banning cash payments of over 3 thousand euros, regulating cryptocurrencies, and calling for the 500 euros banknote to be taken out of circulations are two of a large package of measures against money laundering that Ministers Wopke Hoekstra of Finance and Ferdinand Grapperhaus of Justice and Security sent to parliament on Monday.

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