DNB has conducted a series of examinations to assess financial institutions’ compliance with sanctions regulations and, more specifically, whether their compliance operations are fit for purpose. We are happy to share the results of these investigations.Read more
Criminal indemnification and civil indemnification
Published: 11 November 2019
Section 19 of the Wwft provides for criminal indemnification and Section 20 for civil indemnification.
Criminal indemnification ensures that data or information provided by an institution that reports an unusual transaction in good faith cannot be used in a criminal investigation or prosecution of that institution on suspicion of money laundering or terrorist financing.
Civil indemnification means that an institution cannot be held liable under civil law for the loss suffered by another party (e.g. the customer or a third party) as a result of a report as long as the institution acted on the reasonable assumption that it had fulfilled its reporting duty. For instance, claims in civil proceedings could be brought for breach of contract if the institution decided not to carry out a transaction but to report it. Legal action over an unlawful act is also possible, if a customer claims alleged loss suffered as a result of an institution’s unusual transaction report.
Did you know that you can track the status of your assessment application in My DNB? As of 11 May 2023 you can see the status of your assessment application in My DNB – Supervisory Applications Service.Read more
We hereby inform you that DNB has experienced a delay in implementing the new portal to be used for supervisory surveys. Unfortunately, this affects the date that the integrity supervisory survey for your institution will become available in MijnDNB.Read more
On 21 March, an online demo of the new qualitative surveys service will take place at 16:00h.Read more