Dr. Marie-Lena Marstaller, LL.M., AMLC, 2022 Introduction As part of the fight against undermining and organised crime, many countries use non conviction based confiscation (NCBC) instruments to extracts assets with a criminal origin from circulation...
Articles
Money laundering vulnerabilities at PSPs
By Noortje Boere and Erik Reissenweber (AMLC specialists) Money laundering is the hiding and/or giving an apparent legal status to funds originating from a crime so that they can be spent and invested in the...
Misuse of legal forms
By: Joost Marée (Strategic Advisor Fraud prevention at the Ministry of Finance) and Erik Reissenweber (AML specialist, AMLC) It is possible to misuse legal forms in the Netherlands for purposes of money laundering such as...
The risks of money laundering in the US differ in each state
By Erik Reissenweber (AMLC) Journalistic sources, such as the International Consortium of Investigative Journalists (ICIJ), regularly publish disconcerting news about some states within the US that set a legal basis for offering secrecy to financial...
Banks have a wealth of information
Gitty Kanters, FIOD Eindhoven IntroductionRecently the Fiscal Intelligence and Investigation Service (Fiscale Inlichtingen- en Opsporingsdienst or FIOD) conducted a criminal investigation further to the ING Bank having reported an incident to the Police. This report...
Feedback over suspicious transactions: Leaks, bad press and transaction monitoring
Leaks, bad press and transaction monitoring By: Joris Rozemeijer (AMLC) and Sonja Corstanje Maaskant (FIU-Nederland), December 2021 In this article, under the scope of transaction monitoring in reference to publications in the press and together...
Indicators for money laundering via cryptocurrency
Virtual currency is regularly linked to money laundering. Gatekeepers need to remain alert of the risks. But which amount offers an indication of money laundering with virtual currency? The Europol Financial Intelligence Public Private Partnership...
Analysis of case law on the indirect method of proof
Money laundering involves objects originating from crime. The offence an object originates from is not always clear. Money laundering cases in the Netherlands have shown that it is not necessary for a predicate offence to...
Anti Money Laundering Game
The AMLC and Price Waterhouse Coopers (PwC)[1] have jointly developed a new anti-money laundering game: the AML pressure cooker. The game was developed to make private parties that may unwittingly get involved in money laundering...
Private investment funds and money laundering
By Tom Debets and Lisette de Zeeuw Last year, through a hack of the US investigation services (blueleaks), among other things a document about money laundering through hedge funds and private equity firms was disclosed...