ZWOLLE, WILLEMSTAD - An accountant from KPMG Curaçao was warned by the disciplinary judge in Zwolle, the Netherlands. According to the Public Prosecution Service (OM), the man played an important role in an extensive money laundering case.

In the money laundering case Cymbal, 270 million euros (320 million dollars) would have been laundered. According to the Public Prosecution Service, the suspects had a trade in lingerie as a cover. Venezuelans bought lingerie with credit cards on paper but received dollars. Those dollars then disappeared with large profits on the black market in Venezuela where trade in foreign currencies was restricted.

The accountant compiled the annual accounts of this company. Millions of dollars in cash were credited to the bank account. He should have done further research on this, according to the disciplinary judge.

The accountant is not a suspect in the criminal case that serves in July. The court in Zwolle scheduled four session days for that case.

The judge is not aware of the deliberate ignoring of fraud signals that the Public Prosecution Service complained about. The disciplinary judge can only take away an accountant’s license as the most serious measure. In this case, the disciplinary court left it as a warning because, according to him, the auditor did not consciously act carelessly. The man has also not been convicted of disciplinary proceedings.

The Public Prosecutor wants to study the judgment first before deciding on a possible appeal.