Multiple banks under the supervision of Dutch central bank DNB are too lax when it comes to countering money laundering, according to the regulator. Minister Wopke Hoekstra of Finance asked the DNB to look into this after ING was slapped with a massive settlement for this same reason. He informed parliament about the results of the DNB investigation on Tuesday, ANP reports.
The Public Prosecutor reached a settlement of 775 million euros with ING. The bank allowed customers to abuse their accounts for the laundering of hundreds of millions of euros between 2010 and 2016, NOS reports.
The amount of the settlement consists of a 675 million euros fine and a reimbursement of 100 million euros. According to the Public Prosecutor, ING did not properly fulfill its role as gatekeeper of the financial system and was negligent in preventing money laundering.
Four Dutch and a German were caught with 300 kilograms of cocaine on a yacht near Mallorca on Sunday. They were arrested by the Spanish authorities, NOS reports.
The police 2.2 million euros in cash last week during a search in Dido Events center in Amsterdam-West. Multiple members of the family that runs the event center were arrested on suspicion of money laundering and weapons possession, De Telegraaf reports.
According to the newspaper, the authorities previously kept an eye on Dido because of many known criminals attending parties at the center. The center was closed for a time, but reopened early last year and was soon filled with members of the Dutch underworld, the Telegraaf writes.
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.
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, 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.