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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: Louis Vuitton’s Dutch arm agrees to pay 500,000 euros to settle a money laundering case
Description: The Dutch branch of French-based luxury goods maker Louis Vuitton has agreed to pay half a million euros ($595,000) in an out-of-court settlement linked to a money laundering investigation, the Netherlands's national public prosecution office announced.
Prosecutors said the fashion house did not adhere to a law aimed at preventing money laundering and terrorism financing when a 36-year-old woman allegedly repeatedly used different names as she spent cash “on luxury goods at retailers such as Louis Vuitton.” The woman is suspected of spending more than 2 million euros in criminal proceeds from August 2021 to February 2023.
“Louis Vuitton violated the Money Laundering and Terror...