This case study, focusing on cryptocurrency transactions, shows how valuable an objective report can be.

In this case, we examine a report submitted by a bank. Analysis of an unusual transaction gave rise to a suspicion of sanctions evasion through the export of dual-use goods to Russia.

At FIU-the Netherlands, we frequently analyse networks, sometimes in collaboration with other organisations such as Fintell Alliance.* Reports of unusual transactions we receive are always the starting point.

During the corona pandemic, the so-called NOW regulation provided financial compensation for Dutch companies with substantial loss of revenue. The government support was specifically intended for paying salaries and keeping staff employed. Through reports of banks and notaries we identified several cases of misuse of the NOW regulation. In this combined case study, you can read about our efforts and findings.

Criminals use various methods for money laundering. Especially shell companies and companies set up by straw owners are popular. These arrangements are often set up by intermediaries, leaving the real instigators out of sight. Reports of unusual transactions help us trace illegal financial structures.