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Netherlands Links ‘Cash Compensation’ Schemes to Terrorism

Koos Couvée
London Bureau Chief

Money laundering networks embedded in labor-intensive sectors in the Netherlands that rely on undeclared workers expanded their operations in 2024 and, in some cases, helped overseas terrorists move funds and buy weapons, the nation's financial intelligence unit has warned. In a 41-page annual report, FIU-Nederland disclosed Wednesday that local banks and other companies regulated for anti-money laundering purposes filed a record 3.5 million unusual transaction reports in 2024, a 52 percent year-on-year increase driven by a sharp rise in submissions from payment processors, cryptocurrency platforms and credit-card providers. Other, more noteworthy sections of the annual report flag the proliferation of...

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