In the Netherlands, a stash of half a million euros in cash at home makes the headlines – and it wasn’t even a government minister’s
Most of it was, natch, in Eur500 notes. This news was all over Dutch TV, radio and internet news sites yesterday. A rough transation of the text in the attached report:
INVESTIGATION DISCOVERS 0.5MILLION EUROS IN CASH IN A HOUSE
The financial investigation in North Holland uncovered 520,000 euros in cash found during the search in a house and a shed in IJmuiden. To a large extent the cash was in 500 euro notes.
The police were alerted by a message to the Netherlands Financial Intelligence Unit. Institutions which suspect that a client is trying to launder money are required to report it to the NFI. The same applies to notaries, brokers and other professionals. In IJmuiden, besides money, cars and jewellery, a computer and financial records were also seized. A 58-year-old woman from IJmuiden and a 48-year old man from Velserbroek were apprehended.
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http://nos.nl/artikel/548166-recherche-vindt-05-miljoen-contant.html
And what does our FIAU do particularly when he publicly declares his Eur500k and then goes on to state (publicly yet again) they are funds related to the disposal of a property, which, I believe, has already been verified as never having taken place.
Sounds very much to me like those funds have just been publicly laundered.
It did make headlines here too but too many faux pas are happening in Malta that it got lost among the other issues.
Just a quick reminder:
Police acting as waiters
Muscat using his private car and getting paid for it
Most One journalists are given jobs in the public sector
William Mangion looking for suitable garages (…??)
Glieda at Tas-Serkin
And the list goes on. You did promise us a lively blog under Labour but I never dreamed it would be so juicy.
Tghidlix li ghadu jfittex il-garaxxijiet dak?
Ghall-kaxxa ta’ Malta kien jaqbel li juzaw xi estate agency.
Seems that no one has asked Minister Mallia what he’s done with his Euro 500,000 in cash.
Did he deposit them?
When?
Did he deposit the cash before or after 9 March 2013?
If he had since deposited that cash, why was he keeping that money in cash at the end of 2012?
Which institution took that cash?
Did the institution carry out its money laundering obligations according to law?
Perhaps we should alert Interpol?