MONEY LAUNDERING WIDESPREAD IN THE DUTCH HORSE-TRADING BUSINESS

On 7 August, NL Times reported that the tax authorities had made this claim, and said that the FIU had uncovered several suspicious transactions in the equestrian industry.  It is said that the billion-euro industry susceptible to fraudulent practices – deals are sometimes made with just a handshake and without a contract, and it is also often not clear who is the owner of a horse. 

https://nltimes.nl/2021/08/07/money-laundering-widespread-dutch-horse-trading-business-tax-authorities-say

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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