The Wwft imposes various requirements on crypto service providers. This page refers you to useful information. This information is not exhaustive and must be read in conjunction with and not in place of the Wwft.
Integrity risk analysis Section 2b of the Wwft obligates crypto service providers to prepare an integrity risk analysis and keep it up to date.
Section 23j of the Wwft obligates crypto service providers to safeguard sound and ethical operational management.
The purpose of customer due diligence is that the institution knows who it is doing business with and for what purpose the business relationship is used, and that it applies risk-based monitoring on an ongoing basis.
Institutions governed by the Wwft are required to monitor on an ongoing basis their business relationships and the transactions conducted or intended during the existence of those relationships.
Institutions governed by the Wwft are required to take measures aimed at preventing money laundering and terrorist financing.
On 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 registration
Supervisory authority De Nederlandsche Bank (DNB) is submitting a new anti-money laundering approach to financial institutions and other stakeholders as part of a public consultation. In a policy document presented today [...]
Read more DNB submits new anti-money laundering approach to financial sector
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 Sanctions Act examinations: room for improvement, but sector shows strong commitment to compliance
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 New: status of your assessment application with DNB
