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FIOD-ECD

Working Together to Detect and Prevent Financial Crime
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Overview

The Fiscal Information and Investigation Service (FIOD-ECD) is the financial investigation arm of the Dutch Tax Administration (Belastingdienst) and operates under the Dutch Ministry of Finance.
It is responsible for investigating financial, fiscal, and economic crimes, including money laundering, tax fraud, corruption, insider trading, cybercrime, and other serious financial offences.

As part of the Netherlands’ national framework for financial integrity, FIOD-ECD plays a critical role in maintaining fair taxation, public trust, and fiscal stability.

Neo Finance collaborates with FIOD-ECD to strengthen efforts against financial crime by sharing verified intelligence, identifying suspicious activity, and supporting investigations within the boundaries of EU and Dutch law. Together, we help protect the interests of Dutch and European citizens and ensure that public resources remain secure.

The Mission of FIOD-ECD

FIOD-ECD’s core mission is to detect, investigate, and prevent financial crime that undermines economic order and trust in the financial system.
Its main objectives include:FIOD-ECD’s core mission is to detect, investigate, and prevent financial crime that undermines economic order and trust in the financial system.
Its main objectives include:

  • Tracing illegal financial flows and recovering misappropriated assets.
  • Supporting national and European enforcement authorities through joint investigations and data exchange.
  • Providing expertise to policy-makers to help develop effective tax and anti-fraud legislation.
  • Collaborating with public and private institutions to strengthen the Dutch economy’s resilience against fraud and corruption.
  • Investigating complex financial crimes such as tax evasion, money laundering, and corporate fraud.

Through these activities, FIOD-ECD helps ensure that businesses and individuals contribute fairly to the economy while protecting society from financial exploitation.

Neo Finance’s Cooperation with FIOD-ECD

As a regulated financial institution, Neo Finance maintains close communication with FIOD-ECD in accordance with Dutch and EU regulations, including the WWFT (Anti-Money Laundering and Counter-Terrorism Financing Act), the Sanctions Act, and EU AMLD6.

Our cooperation focuses on information sharing, fraud prevention, and fiscal transparency.

1. Information Exchange and Support for Investigations
When FIOD-ECD requests information during active or preventive investigations, Neo Finance provides relevant and verified transaction data, following strict legal and data-protection procedures. This helps investigators trace transit accounts, follow suspicious fund flows, and identify potential networks involved in financial misconduct.
Such collaboration enables faster detection, prevention, and disruption of criminal activities that could impact public finances or private citizens.
2. Fraud and Tax Evasion Prevention
Neo Finance proactively identifies patterns that may indicate tax evasion, VAT carousel fraud, or corporate misreporting.
Detected irregularities are escalated to competent authorities, including FIOD-ECD, through legally compliant reporting channels.
This cooperation reduces financial risk exposure and strengthens the enforcement network that protects honest taxpayers.
3. Compliance and Risk Monitoring
Our compliance framework includes:
Continuous monitoring of client activities through risk-based assessment models.
Immediate escalation of red-flagged cases for enhanced due diligence.
Alignment with FIOD-ECD analytical methodologies to improve fraud detection accuracy.
Neo Finance also shares best practices and risk insights with public institutions to enhance collective awareness of evolving financial crime trends.
4. Protecting Customers and the Public
In cases where customers have been victims of fraud or where their accounts may have been misused, Neo Finance cooperates directly with FIOD-ECD to trace funds and identify responsible parties.
By working together, we help secure customer assets, prevent the re-use of compromised accounts, and safeguard the wider financial ecosystem.
5. Education and Awareness
Our internal teams receive continuous training based on guidance from FIOD-ECD and related agencies.
This ensures that every employee understands:
How to detect tax-related fraud indicators.
The proper procedures for information exchange.
The ethical obligations of cooperation under Dutch and EU law.

Why Cooperation with FIOD-ECD Matters

The partnership between Neo Finance and FIOD-ECD benefits society at large by reinforcing fiscal justice, corporate transparency, and public confidence.

 

ObjectiveImpact
Detect and prevent tax and financial fraudEnsures fair competition and market stability
Protect citizens and public fundsReduces loss from scams and financial misconduct
Support international investigationsStrengthens EU cooperation against cross-border crime
Promote compliance and trustBuilds integrity across the financial sector

Through this collaboration, we jointly uphold the principles of honesty, accountability, and economic fairness.

A Shared Vision for Fiscal Transparency

Neo Finance and FIOD-ECD share the belief that combating financial crime is a collective responsibility.
Our collaboration exemplifies how the public and private sectors can work together to:

  • Identify complex fraud networks.
  • Support fair taxation and fiscal transparency.
  • Promote sustainable economic growth grounded in integrity.
This united effort protects not only individual customers but also the broader European economy