Louis Vuitton Fined in the Netherlands: Money Laundering 0 18

According to the Dutch public prosecutor's office, the fashion brand did not take sufficient measures to prevent the laundering of large sums of criminal money in its Dutch stores.

It is noted that Louis Vuitton agreed to the fine, which means that there will be no court proceedings.

The money laundering case involves three suspects, including a 36-year-old woman from Lelystad. According to the prosecutor's office, she used the money to purchase luxury goods, such as bags, with the aim of laundering the funds.

The money came from a banker in the 'criminal world,' who was subsequently convicted. The woman is suspected of laundering over 2 million euros in cash spent between August 2021 and February 2023. It is unknown which other brands she used for money laundering.

The money laundering case also involves two other suspects: a Chinese woman who assisted the other woman and a former Louis Vuitton sales associate.

According to the investigation, the man informed the suspect when new expensive bags were available and warned her when she spent too much cash. The woman shopped at different Louis Vuitton stores.