Featured Netherlands

Probe Into Defence Force Vessels Deal: Bahamas $150m Contract Caught In Dutch Inquiry

The Netherlands is investigating alleged bribery involving the Christie administration’s acquisition of nine defence force vessels in 2014 and has been receiving co-operation from local officials for its investigation since June of last year. Dutch officials suspect corruption related to the shipbuilding services this country received from Damen Shipyard Group… Read More

EU heavyweight states push for joint supervisor against money laundering

The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia… Read More

IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified

The IRS’s criminal division identified “dozens” of potential cryptocurrency tax evaders or cybercriminals after a meeting this week with tax authorities from four other countries. Officials from the U.S., U.K., Australia, Canada and the Netherlands — known as the Joint Chiefs of Global Tax Enforcement — shared data, tools and… Read More
7th November 2019
Dutch officials really don’t like it when someone calls their country a tax haven. In 2009, the Obama administration did just that, naming the Netherlands as one of a number of countries where scores of major American firms had established subsidiaries in order to avoid paying U.S. taxes. In a… Read More
1st November 2019
ING’s chief executive said his institution would “absolutely” support EU proposals to create a cross-border authority charged with overseeing anti-money laundering efforts in the bloc, the Financial Times reported Thursday.  The comments follow the disclosure that EU finance ministers are expected to formally task the European Commission with considering… Read More
30th September 2019
ABN Amro (ABNd.AS) is being investigated for money laundering in a new blow to shares in the Dutch bank, which prosecutors allege failed to report or probe suspicious transactions for years. The Netherlands has been the target of several inquiries into suspected money laundering and investigators last year… Read More
16th September 2019
Five of the largest Dutch banks are exploring jointly monitoring transactions in the fight against money laundering. Firms including ING Groep NV, Rabobank and ABN Amro Bank NV are studying whether a joint venture is feasible given “the technical and legal challenges involved,” Dutch banking association NVB said in… Read More
6th September 2019
Ever since the 2008 financial crisis, US financial misconduct fines have led the world.  However, defenders of Europe’s more collegiate approach to tackling banks’ money-laundering shortcomings say US banks also lead the world for de-risking, shunning some of the globe’s poorest countries from access to the dollar system. … Read More
21st August 2019
Dutch cooperative bank Rabobank has decided not to take on any more professional football clubs as clients because of the risk of ‘money laundering, corruption, fraud and other issues’, the NRC said on Tuesday. The paper has seen an internal memo to staff which states ‘these clients would appear… Read More
14th August 2019
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s… Read More
12th August 2019
It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More
9th August 2019
ABN Amro (ABNd.AS) said it faces possible money laundering fines, which combined with a gloomy interest rate outlook overshadowed an unexpected quarterly profit rise, knocking the Dutch bank’s shares on Wednesday. The Dutch central bank (DNB) has ordered ABN to review all retail clients in the Netherlands for… Read More
2nd August 2019
ING Group NV wins hundreds of thousands of new customers every quarter but that’s still not enough to overcome the effects of lower interest rates and increased costs to tackle money laundering. The Amsterdam-based lender added almost a million primary clients in the last 12 months to reach 12.9… Read More