Members of the management board as registered with the Chamber of Commerce and co-policymakers are assessed for fitness and propriety. Co-policymakers are persons who can actually exert substantial influence on the day-to-day management of the company, for example by approving policies. Requests for registration should therefore clearly specify the firm's organisational and control structure.
Depending on its legal structure, a crypto service provider may have a supervisory body in place, such as a supervisory board or committee. The members of these are assessed for fitness and propriety.
In this context, a holder of a qualifying holding is understood to refer to natural persons with a direct or indirect holding of at least ten per cent of the issued share capital or a similar holding, or natural persons holding directly or indirectly at least ten per cent of the voting rights, or natural persons able to exercise equivalent control. Pursuant to the Wwft, these individuals must be assessed for propriety before they can be permitted to take up activities in or act on behalf of the service provider.
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
