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
Instruction imposed on CCV Group B.V. for non-compliance with Wwft
De Nederlandsche Bank (DNB) imposed an instruction on CCV Group B.V. (CCV) on 13 March 2019 because CCV had failed to comply with certain provisions of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft). On 1 July 2021, DNB established that CCV had complied with the instruction in full, and had thus restored compliance with the Wwft, per 7 May 2021.
Published: 06 September 2023
To combat financial crime, it is important that financial enterprises comply with the Wwft. We imposed an instruction on CCV in March 2019 because CCV had failed to adequately fulfil its obligation to conduct customer due diligence and monitor customer transactions. Compliance with these obligations is required, among other things, to detect and, if necessary, report transactions potentially related to money laundering or terrorist financing to FIU-the Netherlands.
You can read our full decision to impose an instruction here, excluding confidential data. For more information, please contact DNB's Information Desk on 0800 020 1068 (freephone in the Netherlands) or +31 20 524 91 11 if calling from abroad.
DNB publishes an approach to manage climate and environmental risk for Financial Market Infrastructures
The purpose of the good practices for Dutch Financial Market Infrastructures (FMIs) is to provide non-binding guidance on how an FMI can organise its processes and procedures to manage climate and environmental risks.Read more
Based on self-assessments and examinations, we have assessed how effectively banks and payment institutions are managing cyber risk. We observed three areas that currently need additional attention.Read more
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