Financial Crime Wave – Laundering in the Netherlands, analysis of FATF AML rankings, and more


Financial Crime Wave – Laundering in the Netherlands, analysis of FATF AML rankings, and more

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Posted by: Brian Monroe

By Brian Monroe
bmonroe@acfcs.org

November 9, 2018

In this week’s Financial Crime Wave, laundering in the Netherlands tabulated at 16 billion euros, an analysis of a global watchdog’s rankings for effectiveness in fighting financial crime, an update on the aftershocks of last years “Paradise Papers” leak, and more.

Money laundering

€16 billion laundered in the Netherlands each year as financial scandals bring unwanted national, international scrutiny: report

Every year around 16 billion euros is laundered in the Netherlands, 90 percent of which come from drug trafficking and fraud, researchers at Utrecht University found in a study commissioned by the scientific research and documentation center WODC. Fraud is increasing and the under- and upper world are becoming increasingly intertwined, the researchers warned in Trouw. The researchers came to the figure of 16

... read more at: https://www.acfcs.org/news/426394/Financial-Crime-Wave--Laundering-in-the-Netherlands-analysis-of-FATF-AML-rankings-and-more.htm

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