The investigation against LV was launched last summer after AD published reports that the company used criminal funds to purchase luxury goods.
According to the prosecutor's office, one of the defendants in the case is a 36-year-old woman from Lelystad, who bought bags with criminal proceeds and sent them to China for resale. She is suspected of laundering more than €2 million between August 2021 and February 2023. Two other suspects are a former Louis Vuitton employee and a Chinese citizen who, according to investigators, helped her.
In the Netherlands, the brand has four stores: at Schipgol Airport, at PC Hooftstraat in Amsterdam and in the Bijenkorf stores in Amsterdam and Rotterdam. Prices for bags start from €2.5 thousand.
The prosecutor's office emphasizes that the company did not carefully monitor customers and cash payments, violating the Know your customer requirement – to verify the integrity of customers in order to prevent money laundering and terrorist financing.
According to the prosecutor's office, the brand agreed to the fine.
