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.
In this way they can ensure that the transactions conducted correspond to the knowledge they have of customers and their risk profiles, where necessary investigating the origin of the funds used in the relevant business relationships or transactions. They must report any unusual transactions to the Financial Intelligence Unit (FIU-NL; see under “Reporting duty”).
News item supervision
Financial institutions often serve many different customers in many different sectors, including customers in sectors with higher inherent integrity risks. The sector in which a customer operates is one of the factors that a financial institution...
Read more
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
Read more
News item supervision
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
