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For Dutch Investigators, Uptick in Gatekeeper Reports Proves ‘Very Useful’
By Kira Zalan
printUPDATE: Adds details on U.K. oversight of gatekeepers. A crackdown on Dutch financial gatekeepers who fail to comply with anti-money laundering rules is handing investigators in the Netherlands a cache of useful leads. Over the past two-and-a-half years, Dutch prosecutors have brought approximately 60 cases against accountants, tax advisors, attorneys, real estate agents, notaries and other business professionals for not properly reporting suspicious transactions by their clients, according to the country's financial intelligence unit (FIU). The monetary penalties imposed by courts have averaged about 40,000 euros per unreported transaction for individual violators and 80,000 euros per transaction for legal entities,...
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