Shady dealings; How Atradius Dutch State Business fails to adequately screen the businesses it supports

(Both ENDS, Amsterdam, December 2015) In November 2013, Both ENDS published a study on Atradius DSB’s support for complex export transactions that were structured via tax havens, and thus its potential underwriting of aggressive tax avoidance positions that corrode the tax sovereignty of beneficiary countries. In that study it emerged that the possibility of money laundering being part of such complex transactions could also not be excluded. A new report, based on sustained and regular monitoring of transactions supported by Atradius DSB, firmly suggests that the practices previously criticized continue. We again challenge Atradius DSB to introduce effective screening to exclude export transactions that have a high probability of including tax evasion and money laundering from its insurance services.