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France bids to clean up watch trade in anti-laundering battle

To launder their profits and transport them from one country to another, criminal networks are increasingly turning to luxury watches.
To launder their profits and transport them from one country to another, criminal networks are increasingly turning to luxury watches.© Studio Pachamama

As criminal networks increasingly turn to luxury watches to launder and transfer illicit money, the French finance ministry, after having tried to work together with retailers, is now taking a hard line and has handed out its first fines.

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