The Dutch financial intelligence unit and the largest banks in the Netherlands have found that crime syndicates are integrating large volumes of cash into the country's economy through "labor-intensive" sectors that rely on undeclared workers.
The Dutch government's settlement of criminal charges with a perfume exporter at the center of a €40 million money laundering scheme should serve as a warning for businesses across a range of non-financial sectors, a senior prosecutor told ACAMS moneylaundering.com.