Louis Vuitton has officially been designated as a suspect by the Dutch Public Prosecution Service in a large-scale money laundering case. According to the judiciary, the French luxury brand did not do enough to prevent abuse by a criminal customer.
Should staff have raised the alarm?
The French luxury brand finds itself at the centre of a Dutch money laundering case that involves not only millions of euros in cash expenditures, but also the potential criminal liability of the company itself. The Public Prosecution Service no longer sees Louis Vuitton merely as a backdrop for suspicious transactions, but as an active link in the money laundering process – a rare and potentially disruptive step for an international luxury brand.
