Information session about fit and proper assessments DNB
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNBYou are using an outdated browser. DNB.nl works best with:
The Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft) entered into force on 1 August 2008. The Wwft provides a comprehensive set of measures to prevent the use of the financial system for money laundering or terrorist financing. The Wwft was changed in 2020 in order to implement the EU’s changed Fourth Anti-Money Laundering Directive.
Published: 26 January 2021
The Wwft follows a risk-based approach. This means that institutions to a large extent are free to decide on the degree of risk they want to take. In turn, that choice determines which mitigation measures they must put into place.
Customer due diligence is an important element in the range of measures available to prevent money laundering and terrorist financing. As a rule, institutions must carry out customer due diligence in all cases. This also includes the monitoring of intended and actual transactions. The degree of scrutiny must be tailored to the risk posed by a particular type of customer, relationship, product or transaction.
Financial and other institutions that, in a professional capacity or on a commercial basis, provide services specifically listed in the Wwft must notify any unusual transactions to FIU-the Netherlands. The Wwft also lists indicators to determine what unusual transactions exactly are.
DNB is responsible for supervising Wwft compliance by various categories of financial institutions, including banks. In our supervision, we look at the procedures and measures that institutions have put into place to prevent money laundering and terrorist financing.
On Tuesday 28th May from 3:00-4:45 PM CET DNB will organize an online information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNBDe Nederlandsche Bank (DNB) is looking forward to hosting its annual seminar on the deposit guarantee scheme (DGS) with the theme “Navigating New Horizons: Exploring the Future of the Dutch Deposit Guarantee”. The seminar will be held on Wednesday 5 June 2024.
Read more Deposit guarantee scheme (DGS) seminar: “Navigating New Horizons: Exploring the Future of the Dutch Deposit GuaranteeOn 14 July 2023, De Nederlandsche Bank (DNB) imposed an order subject to penalty on Payward International Markets Limited (Payward International), operating under the trade name Kraken.
Read more Order subject to penalty imposed on Payward International Markets Limited for offering crypto services in the Netherlands without registrationDe Nederlandsche Bank (DNB) imposed an instruction on Triodos Bank N.V. (Triodos) on 6 March 2019. DNB found that Triodos was in non-compliance with statutory requirements in the area of customer integrity.
Read more Instruction for Triodos Bank N.V. in 2019 for failing to conduct sound and ethical operational managementWe use cookies to optimise the user-friendliness of our website.
Read more about the cookies we use and the data they collect in our cookie notice.