On January 26, 2021, the Netherlands’ Fiscal Information and Investigation Service (FIOD) arrested three men in a money laundering investigation.
As part of its investigation, the FIOD searched eight buildings in Randstad and North Brabant in the Netherlands. It seized over 60,000 euros (USD 72,853) in cash, in addition to cars, phones, computers and real estate.
The FIOD has reiterated that concealing the source of illegal proceeds allows the perpetrators of these crimes to evade investigative authorities. The FIOD has reassured that it strives to effectively fight against such cases.
Source: FIOD, Netherlands