Artikel: Third-country crypto-asset service providers and reverse solicitation

On 18 January 2023, the Dutch Central Bank (De Nederlandsche Bank, DNB) imposed a fine on Coinbase Europe Ltd (Coinbase) for offering crypto-asset services in the Netherlands without being duly registered. As follows from DNB's decision, Coinbase and DNB had differing ideas on whether servicing Dutch residents on the basis of reverse solicitation triggers the registration requirement of Art. 23b of the Dutch Act on the Prevention of Money Laundering and Terrorist Financing (Wet ter voorkoming van witwassen en financieren van terrorisme, Wwft).

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Artikel: Enemy at the gate

Wwft institutions must perform Customer Due Diligence (CDD) on their customers and their customers' UBOs, perform transaction monitoring (TM) over the business relationship with their customers and report unusual transactions to the authorities. When a card-acquirer provides payment services to a payment facilitator (PFac), it is debatable whether the PFac's merchants (Sub-Merchants) qualify as the card-acquirer's customers and business relations within the meaning of the Wwft, whether the card-acquirer has CDD and TM obligations on the Sub-Merchants, and if so, what the scope of those obligations is. This article seeks to examine this matter.

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Artikel: Leveraging Data Analytics to better protect against money laundering, corruption and fraud

Compliance programs are a central part of an organisation's risk management strategy and underpin the overall development of an ethical and value driven culture. They seek to provide a framework to support the mitigation of identified business risks such as fraudulent activity, bribery and corruption, money laundering and conflicts of interest.

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Artikel: De strijd tegen witwassen, een gecombineerd perspectief

De strijd tegen witwassen is toe aan een volgende stap. In dit artikel worden, geïnspireerd door het Cynefin-model, drie strategieën beschreven die voor organisaties alle drie van belang kunnen zijn in de gereedschapskist tegen witwassen. Allereerst de mier, waarbij er een focus is op efficiëntie en bekende patronen. Ten tweede de havik, waarbij het draait om inzicht en overzicht. En tot slot de vleermuis, gericht op de meest systemische vormen van witwassen.

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Artikel: UBO register voor trusts en fondsen voor gemene rekening

Op 1 april 2023 was de deadline voor het registreren van uiteindelijk belanghebbenden (UBO's) van bepaalde trusts en alle fondsen voor gemene rekening (FGR). In deze bijdrage wordt eerst ingegaan op de drie Nederlandse registers. Daarna wordt besproken in welke gevallen registratie van trusts moet plaatsvinden en wie UBO's van een trust en van een FGR zijn. Een vergelijking wordt gemaakt tussen het UBO register voor vennootschappen en andere juridische entiteiten en het UBO register voor trusts en soortgelijke juridische constructies. Daarbij wordt ingegaan op knelpunten en worden mogelijke oplossingen voorgesteld.

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Artikel: The UK's Economic Crime and Corporate Transparency Bill

The UK has one of the world's largest and most open economies. This openness makes the UK appealing to investors and those looking to do business with UK-based entities. But this appeal also gives rise to legal and compliance vulnerabilities which are ripe for exploitation by those who are not welcomed by 'UK PLC': the bad actors who use the UK's financial infrastructure and system to perpetrate fraud and money laundering. While this is serious enough in its own right, such practices also fund organised crime in the UK and facilitate corruption overseas. This threat of illicit finance extends far beyond less reputable areas of business and finance – to the extent that it undermines legitimate business and has a significant impact on everyday society.

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Artikel: 'Organized crime feels strong enough to take on the state'

In December 2020, Mr. Mühl joined Europol after serving as the Head of Unit in the EU Policy and Coordination Unit at the Austrian Ministry of the Interior. He holds a Master of Arts degree in financial investigations and financial crime from Teesside University in the UK, and has graduated from the Austrian Police School and Academy. Mr. Mühl played a key role in establishing the Austrian FIU and ARO Office and was responsible for promoting related policies at the Council of the European Union during the Austrian EU Presidencies in 2006 and 2018. With over 35 years of experience working for various Austrian law enforcement authorities and for Europol (2006-2016), he specializes in financial investigations and organized crime, and has extensive experience in various managerial and operational tasks in this field. We spoke with Mühl about strategic priorities and day-to-day operations at EFECC.

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Money Mules and Cybercrime Involvement Mechanisms: Exploring the Experiences and Perceptions of Young People in the Netherlands

Money mules play an essential role in the execution of financially-motivated cybercrimes. The bank accounts of money mules, who are often young individuals, are used to hide and launder stolen money, allowing members of cybercriminal networks to maintain their anonymity. In order to better understand the pathways that lead to cybercrime, this explorative study aims to map the experiences and perceptions of Dutch young people related to money muling. To this end, an online survey was administered among more than 3,000 individuals, aged between 16 and 25. The analysis showed that almost ten percent of the respondents have been approached by money mule recruiters at some point.

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Artikel: Op naar een overzichtelijker Wetboek van Strafrecht

Het doel van dit artikel is de discussie over het nut van en de mogelijkheden tot een herziening van het huidige Wetboek van Strafrecht aan te wakkeren. Het vertrekpunt van dit artikel is de opvatting dat de opbouw en systematiek van het huidige Wetboek van Strafrecht onoverzichtelijk en inconsistent is wat onder meer een effectieve en efficiënte strafrechtspleging in de weg kan zitten. Vertrekkend vanuit een internationaal gekende classificatie van strafbare feiten worden concrete suggesties gedaan om de toegankelijkheid van het Wetboek van Strafrecht te bevorderen door een meer consistente structuur van de strafbare feiten te introduceren, en het sanctiestelsel – zowel met betrekking tot gronddelicten als met betrekking tot strafbeïnvloedende omstandigheden – te systematiseren.

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Cybercrime on the menu? Examining cafeteria-style offending among financially motivated cybercriminals

Criminologists have frequently debated whether offenders are specialists, in that they consistently perform either one offense or similar offenses, or versatile by performing any crime based on opportunities and situational provocations. Such foundational research has yet to be developed regarding cybercrimes, or offenses enabled by computer technology and the Internet. This study address this issue using a sample of 37 offender networks. The results show variations in the offending behaviors of those involved in cybercrime. Almost half of the offender networks in this sample appeared to be cybercrime specialists, in that they only performed certain forms of cybercrime. The other half performed various types of crimes on and offline. The relative equity in specialization relative to versatility, particularly in both on and offline activities, suggests that there may be limited value in treating cybercriminals as a distinct offender group. Furthermore, this study calls to question what factors influence an offender’s pathway into cybercrime, whether as a specialized or versatile offender. The actors involved in cybercrime networks, whether as specialists or generalists, were enmeshed into broader online offender networks who may have helped recognize and act on opportunities to engage in phishing, malware, and other economic offenses.

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