By PAUL O’DONOGHUE, Senior Correspondent
STRS (Suspicious Transaction Reports) from banks helped officials bust a €70 million money laundering operation in the Netherlands, according to officials.
FIU Netherlands said the scheme centred around a metal recycling company, which had revenues which looked suspicious. The company claimed that private customers were purchasing enormous amounts of scrap metal.
Subscribe now to have unlimited access
With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
