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The Independent UK
The Independent UK
National
Associated Press

Louis Vuitton will pay $595,000 to settle money laundering case

Louis Vuitton United States Luxury
The settlement with the Dutch arm of Louis Vuitton was reached out of court ‘to free up limited courtroom space at the Rotterdam District Court,’ prosecutors said - (Hans Lucas/AFP via Getty Images)

Luxury goods maker Louis Vuitton has agreed to pay half a million euros ($595,000) in an out-of-court settlement linked to a money laundering investigation in the Netherlands.

Prosecutors said the Dutch branch of the French-based fashion house did not adhere to a law aimed at preventing money laundering and terrorism financing.

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