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.
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.
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."
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.
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.
Amateur football clubs are an asset for criminals, who use them for money laundering, drug dealing, and creating an image of prestige and power in a neighborhood or town, according to a recent study by Tilburg University. Five football clubs from Zeeland and Noord-Brabant suspect that criminals are trying to infiltrate their club, according to the researchers, AD reports.
A 33-year-old man from Apeldoorn was arrested on Monday for fraud, forgery and money laundering. According to the authorities, he earned at least 2 million euros by convincing people to invest in Bitcoin mining computers that he never bought, De Gelderlander reports.
Last week customs officers found crystal meth and ketamine at a transport company in De Lier. The drugs were hidden in a shipment of frozen chicken drumsticks, which were on their way to England, the Public Prosecutor said in a statement.
The discovery was made on April 17th. A 32-year-old man from Amsterdam was arrested on suspicion of involvement in drug trafficking and money laundering. He was arraigned earlier this week and remanded into custody for another two weeks.
Shop keepers in Amsterdam who receive large amounts in cash as payment from customers, will soon have to report it to the municipality. That is one of the measures Amsterdam mayor Femke Halsema announced in the city's fight against undermining crime, RTL Nieuws reports.
Retailers already have to report unusual transactions if they receive cash payments of more than 10 thousand euros. Halsema wants to lower that amount to 1 thousand euros. The mayor hopes that this will help in the fight against money laundering, which is often a companion to more serious crimes.
The Koninklijke Marechaussee arrested two men from France on the A16 highway in Hazeldonk for money laundering on Tuesday. One of them had 33 thousand euros in cash hidden in his underpants, the Marechaussee, a policing force that works as part of the Dutch military and is responsible for border security, said on Facebook.
The police took down 10 fake online stores which were made to look like English versions of real Dutch stores on Tuesday. Two suspects, a 40-year-old man from Leeuwarden and a 21-year-old man from Groningen, were arrested.
These English-language sites looked like the websites of real Dutch stores, with web addresses that were very similar to those of recognized stores with a Chamber of Commerce registration. Visitors bought products like milk powder, energy drinks, shampoo, deodorant and alcohol. After payment, the products were never delivered.
A 55-year-old man and his 17-year-old daughter were injured in a shooting in Amstelveen on Saturday afternoon. The injured man has a criminal record and is suspected of cocaine trafficking and money laundering, according to broadcaster NOS.
The shooting happened at around 12:00 p.m. on Grote Wielen in Westwijk. The two victims were taken to hospital. Both were conscious and able to speak to aid workers. According to the police, they sustained only minor injuries.
The Dutch State acted carelessly in the investigation into Johan van Laarhoven and his wife. This negligence led to the arrest of the Dutch couple in Thailand in 2014, as well as they years' long prison sentences they received in the country, the National Ombudsman said in a report on Monday, NU.nl reports.
One of 18 people arrested during a large-scale police action against so-called 'ghost tenants' in The Hague neighborhood of Ypenburg on Tuesday morning, is a high positioned police officer, the Telegraaf reports based on two "well informed sources". The police see this top cop as a link between criminals and the owners of the rental apartments that were raided on Tuesday, according to the newspaper.
During raids in dozens of apartments in The Hague neighborhood of Ypenburg on Tuesday morning, the police confiscated millions of euros in cash, five firearms, narcotics and 14 cars. A total of 18 people were arrested, the police said in a statement.
The Public Prosecution Service is prosecuting a police commissioner from Eindhoven for forgery and money laundering. Peter van den E. has to appear in the court in Zwolle on May 20th, NRC reports.
According to the newspaper, the commissioner is suspected of accepting bribes from a friend, an entrepreneur in the security sector. This friend, Otto V., is also being prosecuted.
Three customs officer working in the port of Rotterdam were arrested on Monday on suspicion of money laundering.
The three men, aged 31, 34 and 37 from Rotterdam, Schiedam and The Hague, were arrested after three homes and a business premises were searched in January, NOS reports.
They fell under suspicion because they made striking cash withdrawals and deposits on their bank accounts. According to the Public Prosecutor, these amounts were not in proportion with their legal income as customs officers.
The police are busy with a major action in The Hague, particularly focused on the Ypenburg district, on Tuesday morning. Over 30 apartments were raided in the early morning hours. The police suspect that criminals stay in these apartments - they're rented out, but officially no one is registered as living there, NOS reports.
ABN Amro is suddenly stepping up its game in the fight against money laundering. The bank is investing 85 million euros into getting its client files in order and is hiring hundreds of new employees to help with this. ABN Amro confirmed that it is in "constant dialogue" with regulator DNB, but would not say if it is trying to avoid fines or other penalties, the Volkskrant reports.
Dutch central bank DNB fined Rabobank over 1 million euros for not having its customer files in order, and therefore doing inadequate checks on criminal money flows, Rabobank confirmed to the Volkskrant.
ING employees can look forward to "significantly" lower bonuses this year, even though the bank is doing well with more clients and turnover. The bonuses will be lower due to a settlement of 775 million euros the bank had to pay last year for failing to monitor money laundering, NOS reports.
State Secretary Tamara van Ark of Social Affairs and Employment called on the public to report abuses in nail salons in the Netherlands. There are signals of human trafficking and exploitation in the fast growing sector. "The Inspectorate works through reports, then they can intervene. It is therefore important that we all keep our eyes open, because we can not do it alone", she said to NOS.
Two police officers are suspects in a criminal investigation into an organized network involved in large-scale cannabis cultivation and trade in Almelo. They are accused of violating their official confidentiality and belonging to a criminal organization. Both officers have been suspended, ANP reports.
Mayor Femke Halsema invited a group of Amsterdam retailers to the city hall on Friday to discuss how they can reduce cash transactions. The Public Prosecutor and the Tax Authority will also take part in the meeting, the Telegraaf reports.
In her invitation, sent on Monday, Halsema points to the criminal use of cash. "Because cash leaves no traces, it is misused by non-honest consumers to launder illegally obtained funds", she wrote. She believes that fewer cash transactions could lead to a safer city.