Underground Banking Netherlands
Forum rules
Discuss anything about Western European street gangs and organized crime.
Discuss anything about Western European street gangs and organized crime.
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Underground Banking Netherlands
The public prosecution service seized almost €20m from people operating underground banks last year, one-third more than in 2013. Some 80 people were arrested in connection with underground banking and 41 agreed to voluntarily turn over cash. The department says the €20m in seizures is only the tip of the iceberg and has put more detectives onto illegal banking investigations. There were two major seizures of cash last year. In February, over €2.5m was found in a string of raids centred around Capelle aan then IJssel. In March, some €350,000 was found hidden in a consignment of oranges.
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Re: Underground Banking Netherlands
As for Shadow banking in the Netherlands
The balance sheet total of shadow banking in the Netherlands is not 3 trillion (3,160 billion) euros as stated in some publications but just under 1,500 billion.
Most shadow banking in the Netherlands is subject to indirect or remote supervision unlike Underground banking which is completely off the books.
The balance sheet total of shadow banking in the Netherlands is not 3 trillion (3,160 billion) euros as stated in some publications but just under 1,500 billion.
Most shadow banking in the Netherlands is subject to indirect or remote supervision unlike Underground banking which is completely off the books.
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- Middle Weight
- Posts: 917
- Joined: February 9th, 2009, 10:06 pm
- Country: Canada
- If in the United States: Arkansas
- What city do you live in now?: Toronto
Re: Underground Banking Netherlands
The Netherlands currently has the worlds 7TH largest banking sector.