It is not known exactly when and with whom the FIOD was invaded. The FIOD reports in a press release on Tuesday that it only carried out a house search at a “branch of a European bank in the Netherlands”. Remarkably enough, this happened after a tip from regulator De Nederlandsche Bank (DNB). Administration was taken with the suspected bank.
The conscious bank is mainly concerned with wire transfers, “money transfers”. It would have “insufficiently” checked the background of customers between 2016 and 2018. In addition, the transfers were allegedly not properly or actively checked, so that unusual transactions were not reported to the investigative services.
As a “gatekeeper of the financial system”, a bank is obliged by the Money Laundering and Terrorist Financing Prevention Act (Wwft) to have these checks in order. Because ING Netherlands had not had these matters in order for years, the bank had to reach a settlement of € 775 million. An investigation is also underway against ABN Amro.
Last year, the judiciary tracked down € 19 billion in criminal money through reports from banks, among other things. A year earlier this was still € 16 billion. According to experts, this is just the tip of the iceberg of the black money that is annually laundered through the Netherlands.
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