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
Activities requiring a licence
Any party wanting to pursue the business of a bank in the Netherlands must hold the appropriate licence. Except where a statutory exception to the licence requirement exists.
If your institution intends to develop activities as included in the definition of a bank, you require a licence if your institution also pursues the business of a bank.
Pursuing the business of
A person or entity is taken to pursue the business of a bank - taking deposits or other repayable funds from the public and granting credits for its own account - if these activities are "separately identifiable" and do not serve only to support other principal activities.
If an entity's principal activities are non-financial, for instance inviting funds to support its own business, this entity does not "pursue the business of" the taking of funds or the granting of credits and therefore does not constitute a bank. This does not apply if the entity's principal activities are financial, as this always qualifies as "pursuing the business of".
Informatie vergunningaanvraag bank
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New procedure types, i.e. passporting notifications and qualifying holding procedures in the IMAS portal
The European Central Bank (ECB) has successfully introduced interaction on Fit and Proper testing with significant institutions and their advisors via a dedicated infrastructure called IMAS Portal.Read more
DNB has revised the format of the annual Article 23 LCR DR qualitative data request. The new template will be used in the upcoming data request which will be launched in September.Read more