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Press Release

Dutch export credit agency Atradius DSB provides ample opportunity for money laundering and tax avoidance.

A structural lack of control on the part of Dutch export credit agency Atradius Dutch State Business (DSB) gives leeway to its customers and their partners to launder money and dodge taxes. This is the main conclusion of the study ‘Cover for What?’ done by researchers of the Dutch NGO Both ENDS. Displaying this lack of control Atradius, which is working exclusively for the Dutch State, undermines policies designed by the very Dutch State to counteract money laundering and tax evasion. The study shows three transactions backed by Atradius in which multinationals choose a seat in tax havens and handle affairs from there, using non-transparent business structures. Atradius does nothing to counter these strategies. The lack of control displayed by Dutch ECA Atradius might very well apply to similar export credit agencies in other countries.

The Dutch government and the Dutch dredging companies involved in the Suez Canal expansion failed to consider the adverse impact of their activities would have on both human rights and the environment. These are the findings of SOMO and Both ENDS in their research report ‘Dredging in the Dark’. Four companies worked day and night to dredge 200 million m3 of sand in a record-breaking time of nine months, which negatively affected local residents. Financial risks were covered by the Dutch export credit insurance company Atradius DSB, on behalf of the Dutch Ministry of Finance.

Water is literally life, the lifeblood of ecosystems, of nature, of humans. However, in many places the distribution and use of water is unjust and unsustainable. Water management is generally focused on short-term economic interests, on maximizing the profit of a well-connected few at the expense of people and nature. This dominant view of water and water management has its origins in the European industrial revolution, which became the global norm through colonialism and globalization. But according to Melvin van der Veen and Murtah Shannon, water experts at Both ENDS, this view will have to give way to equitable, sustainable and inclusive water management. Both ENDS cooperates with and supports communities and organisations worldwide who are working to this end.

On Monday September 5, together with the Dutch Party for the Animals, Both ENDS organised a Masterclass Dutch Export Credit Facility. The goal of the Masterclass was to inform Dutch parliamentarians and their staff on the functioning of the Dutch export credit facility.