Anti-Financial Crime & Financial Crime Compliance
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INSIGHT: Dutch horse-trading business may be rife with money laundering, tax officials say

By Elizabeth Hearst for AMLi

Tax Authorities in the Netherlands may be missing out on hundreds of millions of euros due to alleged money laundering in its horse-trading industry.

Dutch newspaper NL Times reports the country’s Financial Intelligence Unit has uncovered a number of suspicious transactions in the equestrian industry.

It’s believed that tax authorities have kept a close eye on the industry as a result of high value transactions.

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