Nov 8, 2023 at 11:19 AM Update: 10 minutes ago
People with influential political positions are involved in 14 billion euros in suspicious monetary transactions to and from the Netherlands. This concerns criminal money that results from, among other things, bribery, extortion and embezzlement of money from the treasury.
This is evident from research by the Anti Money Laundering Center (AMLC), which collaborates with, among others, the police and the Public Prosecution Service (OM). The investigation focuses on monetary transactions by politically exposed persons (PEPs), such as heads of state, politicians, ambassadors and members of the Supreme Court.
They are extra vulnerable to corruption because they can abuse their power in exchange for money. That is why there is extra supervision of the transactions of these people and their loved ones.
A total of one thousand suspicious transactions were found in the period from 2011 to 2023, worth 14 billion euros. The transactions can be traced back to more than a hundred PEPs. There are a number of Dutch people among them, but most come from abroad.
Names of politically prominent figures are not mentioned
Almost half of the 14 billion comes from abroad and goes to the Netherlands. Cyprus is at the top of the list of countries where most suspicious transactions come from. A smaller part of the amount crosses the border from the Netherlands, with Latvia as the most popular destination.
It is usually banks that report the suspicious money flows. The most common forms of criminal proceeds are, in order: bribes and kickbacks, extortion, proceeds from conflicts of interest and funds embezzled from the treasury.
AMCL does not want to share the names of the PEPs. In 2020, Isabel dos Santos, ‘the richest woman in Africa’, was charged with money laundering, embezzlement and fraud with public funds. She is said to have siphoned off hundreds of millions of euros from Angola via Dutch letterbox companies.
Top 5 countries where the most money comes from
Top 5 countries where the most money goes
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