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Prompted by Compliance Calculations, Dutch Banks Exit Entire Industries

By Koos Couvée

Banks in the Netherlands are finding it increasingly difficult to maintain relationships with real estate agents, soccer clubs, corporate services providers and other firms viewed as posing a high risk of financial crime, an industry group has found. In a 6-page report, the Dutch Banking Association, or NVB, said that stricter anti-money laundering rules and heightened perceptions that transactions and customers from certain nations inherently present a high risk of financial crime have driven lenders in the Netherlands to de-risk, or withdraw entirely, from entire jurisdictions and sectors. "It becomes increasingly difficult to service specific (groups of) customers without an...

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