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27th July 2020

Bankers who profited from Nordic hiring boom now in firing line

A few years ago, the biggest banks in one of the richest corners of the globe were adding thousands of jobs to a department that suddenly seemed more important than most others: compliance. But with headcount growing more than 10-fold in some cases, those same jobs are now at risk. Read More

10th July 2020

Dutch banks join forces in fight against money laundering

Dutch banks ING (INGA.AS), ABN Amro (ABNd.AS) and Rabobank said on Wednesday they would join forces in the fight against money laundering by sharing transaction data. Together with the smaller Volksbank and Triodos Bank, the three largest Dutch banks said they would establish an agency to monitor all… Read More

9th July 2020

Dutch court to question ING and ex-CEO Hamers in money laundering case

A Dutch court on Wednesday said it wanted to question the Dutch bank ING and its former chief executive Ralph Hamers, now heading for UBS, to determine whether to reopen a case that led to ING being fined for lax prevention of money laundering. ING, the largest bank in the… Read More

1st July 2020

Lawyers urge Trump to rescind sanctions and travel bans for International Criminal Court

A group of 175 legal scholars and lawyers specializing in international law have urged President Trump to rescind his authorization of sanctions and visa denials for International Criminal Court staff members investigating war crimes in Afghanistan, including those allegedly committed by U.S. forces. In a statement sent to the White… Read More

11th June 2020

Former Homeless Man Held in €12.6 Million Money Laundering Case

The 35-year-old man who was arrested last month in connection with one of the biggest money laundering cases in the Netherlands was identified as a recently homeless person originally from the country of Georgia. The case uncovered last month had police stumbling upon 12.6 million euros in cash hidden… Read More

22nd May 2020

Scandal-hit states oppose plan for EU scrutiny of money laundering

A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters. The EU is discussing how to strengthen its scrutiny of the financial… Read More

14th May 2020

Venezuela’s congress to voice concern to U.S. over Nynas sanctions removal

Venezuela’s opposition-held congress plans to voice concern to the U.S. government over its removal of sanctions on Swedish refiner Nynas AB after Venezuela’s state-run oil company, Petroleos de Venezuela, sold most of its stake in the firm, three people with knowledge of the matter said. Nynas said on Tuesday that… Read More

8th May 2020

Gardaí move against fraudsters engaged in Covid-19 scam

Gardaí have discovered evidence that Covid-19 payments are being abused by Dublin-based fraudsters involved in money laundering as a part of a wider European network of criminals. Two men have been arrested as part of a Garda inquiry into “money-mule” bank accounts. This is the use by criminals of third… Read More

6th May 2020

Dutch Central Bank to Crypto Firms: Register in 2 Weeks or Shut Down

Dutch crypto companies must register with the Netherlands’ central bank by May 18 or cease operations immediately, the monetary authority said Monday. De Nederlandsche Bank (DNB) is moving to quickly enforce enhanced Dutch anti-money laundering (AML) laws, which passed the Dutch Parliament last month to comply with the European Union’s… Read More

28th April 2020

The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms

The Dutch crypto market is seeing the first of most likely many small crypto exchanges get squeezed out following the passage of heavily criticized anti-money laundering (AMLD5) regulations. Announced Friday in a company blog, Bittr founder Ruben Waterman said his bitcoin exchange, launched in 2018, will shut down… Read More

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