Police finance experts identify suspect transactions totalling €2bn
The Dutch police’s financial intelligence unit (FIU) uncovered some €2bn in suspicious money transactions last year, around a third up on 2014.
By Dutch law, banks, currency exchange offices, credit card firms, notaries and accountants should report all unusual transactions to the FIU. This includes money transfers of more than €2,000, large cash transactions and payments of more than €15,000.
The FIU’s job is to process this information to identify problems and pass on the information for further investigation.
Most of the suspect transactions involve money laundering and fraud but ‘a number’ of cases are thought to have involved financing terrorist organisations, broadcaster NOS said.
The FIU also focused specifically on payments made with bitcoins, links to human trafficking and bribery abroad, NOS said.
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