Featured Netherlands

France’s Prudential Regulator Fines ING Bank €3 Million for AML Lapses

ING Group’s unit in France will pay €3 million to address anti-money laundering (AML) and counterterrorism financing compliance shortcomings identified by the country’s prudential regulator. The banking group, which acknowledged the fine in a statement Tuesday, said the enforcement action stemmed from a 2018 inspection by the Autorité de Contrôle… Read More

Banking documents reveal consulting giants’ cash windfall under Angolan billionaire Isabel dos Santos

By Will Fitzgibbon, ICIJ, 15 February 2021 ICIJ — Three of the world’s largest consulting firms received tens of millions of dollars in payments from an obscure firm in Dubai to help restructure Angola’s corruption-ridden oil sector, according to documents that reveal new details about suspicious money… Read More

Crown Resort-linked suspected money launderer arrested in Thailand

An alleged international drug boss suspected of laundering millions of dollars through gaming giant Crown Resorts has been arrested in Thailand, where he is fighting efforts to be extradited to Australia. The arrest of Chung Chak “John” Lee in late December is part of ongoing efforts by Australian authorities to… Read More
4th February 2021
Europol has warned EU authorities to be on the watch for organised crime gangs selling fake Covid-negative test certificates at airports, sometimes for as much as 300 euros each. Monday’s warning issued by the EU law enforcement agency comes after police arrested several suspects selling forged certificates declaring people had… Read More
29th January 2021
The tax office is to write to everybody whose names were kept on a secret ‘black list’ of suspected fraudsters, in the wake of the child benefits scandal that brought down the government two weeks ago. Deputy finance minister Hans Vijlbrief said in a letter to parliament that everyone whose… Read More
25th January 2021
The European parliament is pushing for UK overseas territories including the British Virgin Islands, Guernsey and Jersey to be added to an EU tax havens blacklist after the conclusion of the Brexit deal. Sending a signal that tougher action on tax avoidance was required in response… Read More
21st January 2021
Prosecutors are close to a settlement with Dutch bank ABN Amro over allegations it failed to report or probe suspicious transactions by its clients for years, the FD newspaper said on Wednesday, citing sources close to the talks. ABN and prosecutors could not immediately be reached to comment on the… Read More
18th January 2021
Several small care organisations in Twente forced their vulnerable clients – often troubled youngsters or people with psychological or addiction issues – to work on marijuana plantations and even trafficked them for sex, according to a new report published on behalf of the healthcare ministry. The… Read More
13th January 2021
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We… Read More
11th January 2021
By Delfin Mocache Massoko, Antonio Baquero, Micael Pereira, Flora Alexandrou, Linda van der Pol, Mark Anderson and Stelios Orphanides, OCCRP, 8 January 2021 OCCRP — For years, Juan Tomás Ávila Laurel was known as an outspoken critic of Equatorial Guinea’s government, despite decades of brutal repression and staggering corruption. Read More
1st January 2021
Mexico is home to the world’s most powerful drug cartels, who have terrorized the country for years. But the country is poised to try something different in tackling the gangs by legalizing at least one of their products: marijuana. Mexico is set to become the world’s largest legal cannabis market… Read More
23rd December 2020
A major figure in the organised crime world who went undetected for two decades before being exposed by his lavish lifestyle has been jailed. Thomas Maher, 40, an Irish haulier who lived in Warrington, Cheshire, was described by the National Crime Agency (NCA) as a “professional facilitator” for crime gangs… Read More
23rd December 2020
Just weeks into his tenure as UBS Group AG chief executive officer, Ralph Hamers is facing questions over whether his role in ING Groep NV’s money laundering scandal will derail his new job. UBS Chairman Axel Weber is speaking with supervisory board members about how a probe by Dutch prosecutors will… Read More