money laundering

Police officer holding a cannabis plant
Jun 28 '18 10:01

The Public Prosecutor calculated that Noord-Brabant coffeeshop chain The Grass Company's illegal turnover amounted to over 20 million euros. The Prosecutor wants the company to pay that entire amount back, the company's lawyer Sidney Smeets confirmed to ANP after reports in Brabants Dagblad. 

The Public Prosecutor confirmed that a confiscation procedure has been initiated, but would not say anything about the amount involved, according to the news wire. 

ABN Amro World HQ
Jun 27 '18 07:56

The Belgian branch of ABN Amro ignored signals that controversial clients may be involved in money laundering and did not do any extra research into these clients because of such signals, Trouw reported on Wednesday based on internal ABN Amro emails the newspaper has in its possession.

Mossack_Fonseca_sign
Jun 21 '18 08:10

Mossack Fonseca, the Panamanian company that stood central in in the Panama Papers scandal, did not know who its customers were in many cases. A new leak from the company contains 180 new Dutch names, NOS reports.

€220,000 found in a trash can in a home on Philip Vingboonsstraat in Rotterdam, 5 June 2018
Jun 7 '18 12:10

The police arrested three men in Rotterdam for money laundering after discovering 220 thousand euros in cash in a trash can in a home on Philip Vingboonsstraat.

Surveillance officers spotted a suspicious car on Boezemweg on Tuesday evening. They decided to follow the car. On Philip Vingboonsstraat the passenger of the car got out, took a package from a man at the door of a home, and got back into the car.

Mark Rutte, January 2016
May 8 '18 11:50

Dutch banks and insurers will soon place all prominent politicians and their immediate families under stricter supervision in an effort to prevent bribery, fraud and support to terrorists. Financial institutions will receive the instruction to keep a closer eye on the Netherlands' rulers this summer, newspaper AD reports.

Any transactions that raise suspicions of, for example, money laundering or taking bribes must be immediately reported to the Financial Intelligence Unit Nederland, which falls under the National Police.

Dutch police
Apr 26 '18 08:49

An employee of the police was suspended in a malpractice investigation into police union ANPV, a police spokesperson confirmed to ANP. Two former board members of the union are suspects in this case.

The police spokesperson would not tell ANP who the suspended employee is. The Telegraaf identifies the employee as Leatitia R., a former board member of ANPV who is currently working with job applicants at the police. According to the newspaper, she is suspected of embezzlement, money laundering and forgery. 

aanhouding-handboeien-2
Mar 15 '18 15:20

A cryptocurrency farm was found in a commercial building on Kempenbaan in Rijen on Wednesday. The tenant, a 37-year-old man from Tilburg, was arrested on suspicion of theft of electricity and money laundering, BN De Stem reports.

The police decided to look into the building due to its extremely high electricity consumption. "We were actually expecting to find a cannabis farm", a spokesperson said to the newspaper. Instead, officers found dozens of computers in the warehouse, all mining cryptocurrencies. 

Police
Mar 7 '18 11:20

On Tuesday the police and municipality of Amsterdam searched over 40 homes on Houtmankade as part of a joint action against housing fraud, money laundering, identity fraud and drug trafficking. A total of seven people were arrested, the police said in a statement.

The homes visited are all located in a housing block on Houtmankade and Houtmanstraat. The homes were visited based on signals received by the municipality.

Three people were arrested on suspicion of money laundering. Four others were arrested for hard drug possession. 

Amsterdam_Zuidoost_ING-Bank_02_PM07
Feb 27 '18 08:44

The Dutch and American authorities want ING to provide insight into future corruption risks as part of a settlement on four money laundering and fraud cases against the Dutch bank. The authorities hope that additional monitoring will reduce the risk of ING getting involved in such corruption cases again, the Financieele Dagblad reports.

Bitcoin
Feb 22 '18 12:00

The Public Prosecutor demanded 5 years in prison against a 38-year-old British man accused of laundering around 11.5 million euros in bitcoins between 2014 and 2016. The money likely came from the illegal trade in drugs and other prohibited goods on darkweb markets, the Public Prosecutor said on Wednesday.

B92-ECUCMAA9Z8t
Feb 19 '18 15:50

The court in Den Bosch sentenced former police officer Mark M. to five years in prison on Monday afternoon. The 31-year-old man from Weert was found guilty of selling confidential police information to criminals for years, thereby earning at least 80 thousand euros. The sentence is equal to what the Public Prosecutor demanded.

Police officer holding a cannabis plant
Feb 19 '18 11:50

The police arrested six people in the Geldrop and Helmond region on Monday morning. They are suspected of cannabis cultivation, cannabis trafficking and money laundering, the police announced in a statement.

The suspects, between the ages of 26 and 51 years, were arrested at 5:00 a.m. in a joint action involving the police, Public Prosecution Service, and Tax Authority. Multiple addresses, including the suspects' homes, are now being searched. Searches are happening in Geldrop, Helmond, Deurne and Liessel.

Dutch police
Feb 13 '18 11:30

The number of anonymous tips about crimes increased significantly over the past years. Last year Meld Misdaad Anoniem - the anonymous tip line in the Netherlands - received a total of 16,918 reports, around double the number received in 2010, Titus Visser, director of Meld Misdaad Anoniem, said to the Telegraaf.

Rabobank
Feb 8 '18 09:27

Rabobank agreed to pay 369 million dollars, around 300 million euros, to settle allegations that its California subsidiary Rabobank National Association (RNA) lied to regulators investigating charges of Mexican drug money laundering. According to the settlement, RNA does not dispute that it accepted at least 369 million dollars in money illegally gained from drug trafficking and other activity between 2009 and 2012, American news agency Fox News reports.

aanhouding-handboeien-2
Jan 16 '18 13:20

On Tuesday morning the police arrested a 45-year-old woman and a 60-year-old man in the Drenthe town of Hijken on suspicion of fraud with European subsidies. They're suspected of stealing around a million euros by getting subsidies for fake research, the police said in a statement.

B7aXwvWCUAAsxOe
Dec 20 '17 15:10

The court in The Hague on appeal again convicted former VVD politician Jos van Rey of corruption, ballot fraud, leaking confidential information, and money laundering on Wednesday. He was given a suspended prison sentence of one year, and is not allowed to work in an administrative office of the government for two years, RTL Nieuws reports.

The Public Prosecutor demanded two years in prison and a ban on working in politics for three years against the 72-year-old man. 

B92-ECUCMAA9Z8t
Dec 14 '17 17:00

Amsterdam Trade Bank, the Dutch subsidiary of Russia's Alfa Bank, was raided as part of a money laundering investigation last week, Marieke van der Molen of the Public Prosecution Service confirmed to NL Times. 

Hacker_-_Hacking_-_Symbol
Nov 30 '17 08:29

The police are looking for a 47-year-old man from Boxtel, who is suspected of stealing some 500 thousand euros by hacking into a Belgian company's email account, the police said in a statement on Wednesday. The man is on the run. On Wednesday the police searched his home, and the homes of his family members in Boxtel. Data carriers, computers and admin were seized.

Lars van de Ven of the FinTech team at AFM speaking at ICO Event Amsterdam, 29 Nov 2017
Nov 29 '17 16:20

When it comes to Initial Coin Offerings or ICOs, peoples main concerns by far are how the field will be regulated and scams within the field, according to a survey among the 400 attendees to the ICO Event Amsterdam on Wednesday.

According to Lars van de Ven of the Dutch authority on financial markets AFM's FinTech department, the most logical thing to do at this time, is to let the ICO field self regulate. In this way, the industry can guarantee that ICOs will continue into the future in a more sustainable way, he said to NL Times.

aanhouding-op-straat
Nov 17 '17 09:56

A number of Dutch, Belgians and Irish persons were arrested on Thursday on suspicion of involvement in drug trafficking and money laundering in Ireland. A total of 13 suspects were arrested and the Irish police seized at least 7 million euros worth of cocaine and cannabis, RTL Nieuws reports.

arrestant-staat-voor-politiebalie
Nov 7 '17 15:10

Two suspects were arrested in an investigation into two foundations in Geleen. They turned themselves in at a police station in Venlo at the police's request. One suspect, 38, is suspected of money laundering, participation in a criminal organization with terrorist intent, recruiting for the Syrian civil war, and financing terrorism. The other suspect, 34, is suspected of money laundering, NU.nl reports.

Jail
Oct 25 '17 11:30

A 42-year-old man was arrested in Chile last week at the request of the Dutch authorities. He is wanted in connection with the discovery of almost 1.5 million euros in a property in Amsterdam last year, the Public Prosecutor confirmed to NU.nl after reports in the Telegraaf on Wednesday. 

The suspect is Eduardo R.V., also known under the alias Rico the Chilean. Exactly what role he played in this money laundering case, is still under investigation. He is suspected of participating in a criminal organization, money laundering and drug trafficking. 

Police guard in a detention center
Oct 11 '17 13:10

An older couple was arrested in Gennep, Limburg in an Dutch-led international investigation into fraud and money laundering, the Public Prosecutor announced. The 81-year-old man and 61-year-old woman are accused of tax fraud, money laundering, forgery and illegal banking. According to the Prosecutor, the amount involved in the couple's crimes is estimated at over 41 million euros. 

Euros
Sep 6 '17 13:50

The Netherlands plays a big role in money laundering in the European Union, according to Europol. In 2014, over a quarter of suspicious bank transactions in the EU were reported by Dutch banks, the Telegraaf reports.

The banks in Europe reported almost a million transactions they suspected involved money laundering in 2014. Dutch banks reported 277 thousand suspicious transactions. Only Great Britain reported more, with 350 thousand. 

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