Kenya, Uganda and other nations in Africa have emerged as top destinations for Netherlands-based drug traffickers to launder their profits through bulk trades of precious metals and other goods, a Dutch official told ACAMS moneylaundering.com. Bert Langerak, who resigned as acting chief of the Dutch Fiscal Intelligence and Investigation Service, or FIOD, last month, said that investigators could no longer simply "follow the money" to tackle the estimated €13 billion from drug trafficking and other crimes that flows into the Netherlands every year. Dutch investigations into cross-border money laundering previously tended to focus on tracing payments to and from Dubai,...
Investigators in the Netherlands raided three potato and onion exporters this week amid growing indications that organized crime syndicates are using Dutch agribusinesses to launder millions of euros in illicit cash.
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