Jewelers sell exclusive watches with high discounts to dealers with criminal contacts. Through this sale to get back the watches in large numbers into the underworld. According to research from NRC.
The watches are used by criminals for money laundering and payment. The police sees jewelers and watch dealers popping up more frequently in criminal investigations.
“We see that jewelers and traders are drawn into the environment and that criminals will facilitate broader than just money laundering,” said Wilbert Paulissen, head of the National Investigation request. The Amsterdam police track jewelers and dealers themselves to act against abuses, for example by registering serial numbers of watches.
Jewelers have in recent years become jammed between manufacturers and traders. Manufacturers of well-known and popular brands like Rolex, Cartier and Audemars Piguet require jewelers to decrease and other watches more than they can actually sell. If they do not meet the requirements, they can forget their dealership and they lose a lot of customers. “Nearly half of all watches in the market of Rolex,” says director Mark Nieuwkerk of jewelry store Schaap and Citroen.
Jewelers therefore often work with regular traders the less desirable or older models decrease by up to 30 percent off. In return the traders want the scarce and highly sought after models in the store where customers wait years on.
Schaap and Citroen works in his own words with five or six of these types of traders. Yesterday the NRC reported that the jewelry store, an executive from the company and one of their large fixed traders by the prosecution suspected of fraud with exclusive watches. Schaap and Citroen was too large cash payments are not reported in time, which is required by law. In 2010 arranged the jeweler with the OM, the cash payments had repeatedly reported.