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Dutch authorities arrest two men for allegedly laundering millions of euros in crypto

Friday 21 February 2020 12:00 CET | News

Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD) arrested two men for allegedly laundering millions of euros in cryptocurrency.

FIOD arrested the Dutch nationals in separate crypto tax evasion investigations, recovering about 260,000 in unnamed cryptocurrencies and more than 6.6 pounds of gold, according to CoinDesk. Credit and debit cards holding crypto and euros were also seized, among other items.

FIOD has stepped up its crypto policing recently. Working with tax authorities from the UK, US, Australia and Canada – collectively, the Joint Chiefs of Global Tax Enforcement (J5) – agents have been sharing tips and data since 2018.
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Keywords: Netherlands, money laundering, cryptocurrency, fraud prevention, financial crime, euros
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Europe
This article is part of category

Securing Transactions