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Large supermarket ends motorsport sponsorships amid money laundering investigation

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NEWS: Banca Progetto, Italian firm owned by US giant Oaktree, raided in fraud probe

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By Alisha Houlihan for AMLi

A Dutch supermarket chain is discontinuing the majority of their motorsport sponsorship and reviewing how it handled sponsorship in the past and in the present.

Jumbo has not yet decided whether to discontinue sponsorship of Formula 1 driver Max Verstappen, according to The NL Times.

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NEWS: Banca Progetto, Italian firm owned by US giant Oaktree, raided in fraud probe

 Premium

NEWS: China set to overhaul its AML laws, focus on data privacy

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NEWS: Just 22% of British legal firms are fully compliant with AML rules

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