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Dealers or brokers in high-value goods

Natural persons, legal entities, or partnerships that in practicing a profession or as part of their business act as an intermediary (broker) in the purchase or sale of vehicles, vessels, art and antiques, precious stones, precious metals, and jewellery (so-called high-value goods).

According to the Money Laundering and Terrorist Financing (Prevention) Act, dealers and brokers in high-value goods are required to report unusual transactions. These reports must be submitted to FIU-the Netherlands. You will have to register with FIU-the Netherlands before you submit your first report. FIU-the Netherlands will then provide you with the information you need, and arrange your access to the online reporting portal. You can use the reporting portal to report unusual transactions. FIU-the Netherlands will analyse the reports on a daily basis, and determine what reports will be forwarded to the investigative services.

Reporting indicators have been developed. There are objective indicators and there is a subjective indicator. If your report meets the criteria of an objective indicator, you do not need to assess it further, as in these cases you are required submit a report. But if the report does not fall under an objective indicator, the subjective indicator may apply. In such cases, you have to assess the report yourself, and decide whether the report does indeed fall under the subjective indicator. Please note: it is up to you whether or not to report, but you will be held accountable if you fail to submit a report while you should have. 

The following indicators apply to your type of business:

Broker in the purchase or sale of vehicles, vessels, art and antiques, precious stones, precious metals, and jewellery Subjective indicator:

  • Subjective01 A transaction of which the institution has reason to assume that it may be linked to money laundering or the financing of terrorism. 

For a correct subjective assessment of transactions involving persons from countries with an increased risk, FIU-the Netherlands refers you to the high-risk countries designated by the CIE

Objective indicator:

  • Objective01 It stands to reason that transactions that are reported to the police or the Public Prosecution Service because they are linked to money laundering or financing of terrorism are also reported to the Financial Intelligence Unit, as there is a suspicion that these transactions are linked to money laundering and financing of terrorism.
  • Objective03 A transaction involving the sale or purchase of one or more vehicles, vessels, art objects and antiques, precious stones, precious metals, and pieces of jewellery by use of a full or partial cash payment, in which the cash sum amounts to € 20,000 or more.

(*) All entities registered with FIU-the Netherlands will be kept informed of any changes to the legislation or reporting procedures, trends, and other relevant developments. 

Enkele weken geleden werd door de FIU-Nederland een bericht gedeeld over ‘cash, cars en de rol van de meldketen’. Maar hoe zit het eigenlijk met de meldketen als het gaat over andere zaken waaraan criminelen graag hun cash uitgeven; zoals kostbare exclusieve horloges? Want achter deze statussymbolen, die ook vaak worden gebruikt als betaalmiddel of onderpand in de georganiseerde criminaliteit, gaat een grote contante, criminele geldstroom schuil.

Vorige week vielen FIOD, politie en ondersteunende diensten 16 woningen en 2 bedrijfspanden in Rotterdam binnen. Er werden tien personen aangehouden. De actie was het voorlopige resultaat van een uitgebreid witwasonderzoek van de FIOD, samen met politie en het Integraal Afpakteam ConfisQ. Het onderzoek was gestart op basis van transactie informatie over een dubieuze makelaardij. 

De vele meldingen over contante aankopen van exclusieve horloges waren niet de enige trigger voor de analist van FIU-Nederland om nader onderzoek te doen. Een accountantsmelding over een onverklaarbaar negatief kassaldo van meer dan een ton was minstens net zo interessant. Immers, het uitgeven van contant geld dat helemaal niet in de portemonnee kan zitten, is op zijn minst ook een nader onderzoek waardig.

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