DNB is submitting for consultation a Q&A on compliance with the Sanctions Act for the screening of relationships by crypto service providers. In this draft Q&A, DNB further explains the meaning of the term "relationship" and the measures that institutions must take to check whether individuals or legal entities are subject to sanctions.
The duration of the consultation phase is four weeks. You can respond until 17 December COB via consultatie@dnb.nl. After the consultation phase, DNB will publish a feedback statement explaining any further adjustments.
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
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The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.
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On 19 May 2021, following a ruling on an objection, we re-examined an earlier decision regarding a crypto service provider's compliance with the Sanctions Act.
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