In principle, De Nederlandsche Bank (DNB) decides on an application for authorisation of an exchange institution within 13 weeks. However, the actual consideration period depends on many factors. The quality and completeness of your application have a major bearing on the time required by DNB for assessment.
Is your application incomplete or lacking in quality? If so, DNB will allow you an extra period to supplement the application.
Please note: As soon as DNB requests further data or information to supplement the application, the consideration period will be suspended and recommence on the date on which DNB receives the requested information. If no or insufficient supplementary information is received within the period specified, DNB may decide not to consider the application.
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.
Read more FATF warning lists – February 2023 update
De Nederlandsche Bank (DNB) assesses incumbent and prospective policymakers, such as management and supervisory board members, for fitness to fulfil their duties and whether their propriety is beyond doubt. In conducting our assessments, we also take any antecedents into account.
Read more Continuous notification requirement for antecedents
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.
Read more FATF warning lists – October 2022 update
Previous DNB policy statements may be read to mean that, in the context of sanctions screening, not all relationships must be screened. This is an incorrect conclusion, and DNB will therefore amend the relevant policy statements shortly.
Read more Sanctions screening
