Order subject to penalty on IDSG for failing to comply with demand for information

Enforcement measures
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De Nederlandsche Bank N.V. (DNB) has imposed an order subject to penalty on IDSG Group B.V. (IDSG). This is because IDSG failed to fully comply with DNB’s demand for information.

Published: 05 February 2026

Gebouw De Nederlandsche Bank

© DNB

Non-compliance

To determine whether IDSG invited repayable funds from the public in non-compliance with Section 3:5 of the Financial Supervision Act (Wet op het financieel toezicht – Wft), DNB repeatedly requested – and most recently demanded – that IDSG provide information. When IDSG failed to respond to the demand, DNB determined that IDSG had not met its statutory obligation to cooperate under Section 5:20(1) of the General Administrative Law Act (Algemene wet bestuursrecht – Awb). DNB accordingly imposed an order subject to penalty on IDSG on 3 September 2025, giving the institution 10 business days to comply with its information request.

IDSG failed to provide all requested information to DNB, forfeiting €50,000 in penalties.

The information which IDSG did provide was insufficient for DNB to rule out that the institution invited repayable funds from the public without having obtained the required licence. Having failed to provide the information demanded, IDSG is obstructing DNB's investigation.

IDSG objected to the order subject to penalty on 19 September 2025.

Current status

Table Order subject to penalty on IDSG for failing to comply with demand for information

© DNB

See below for the decision to impose an order subject to penalty. For further information, please contact DNB’s Information Desk at telephone number 0800 - 020 1068 (free of charge) or +31 20 524 9111 (if calling from abroad).

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