The Netherlands

This European country is one of our initial places of business and we have gained decades’ worth of experience here. For this reason, we possess a unique knowledge of compliance processes connected with the demands and expectations of the Dutch regulator, and of the AML/CTF processes of various types of enterprises. We can assist your trust office in understanding and fulfilling your obligations under the national legislation, assist your company with establishing compliant KYC/CDD procedures, aid with reporting to FIU or facilitate independent compliance audits. For additional details and more available services please refer to the section Services of this website.

REGULATOR

• Dutch Central Bank – for both financial and corporate/trust areas.
• European Central Bank – ECB is the head bank regulator in the EU, but it may act indirectly, through the national Central Bank.

LEGISLATION

EU banking (Basel III, CRD IV), financial (PSD2, PSR, EMR) and AML (4th AML Directive) legislation. National AML legislation consists of the Money Laundering and Terrorist Financing (Prevention) Act (Wwft), the Act on Trust Offices (Wtt) and the regulation Sound Operational Management: Act on Trust Offices (Rib-Wtt).

FIU

FIU-NL is active as a bureau for receiving suspicious (unusual) transactions reports.