The NetherlandsSteven Maijoor, Member of the Governing Board of De Nederlandsche Bank, issued remarks at the Amsterdam FinTech Week focusing on how financial technology firms can help combat financial crime and strengthen trust in the financial system.
The Netherlands’ Central Bank issued reminders to licensed entities, including payment service providers, of upcoming mandatory IT and operational risk self-assessments.
US officials support adding Malta to global gray list, U.S. investigators track suspicious cryptocurrency payments, and more, in the midweek roundup.
After ING and ABN Amro, Third Dutch Lender Faces Money Laundering Probe
An unidentified bank in the Netherlands potentially faces criminal charges after allegedly violating anti-money laundering rules, a representative of the country’s central bank told ACAMS moneylaundering.com.
The Netherlands Public Prosecution Service and the Amsterdam, Netherlands-based financial institution entered into a settlement that requires the bank to pay €480 million to resolve violations of the Anti-Money Laundering and Counter Terrorism Financing Act.
The Netherlands and the Amsterdam-based bank entered into a settlement agreement that requires the financial institution to pay a €675 million fine and disgorge €100 million to resolve a criminal investigation into violations of the Anti-Money Laundering and Counter Terrorism Financing Act.
| Technical | Effectiveness |
|---|---|
| Compliant : 6 | High : |
| Largely Compliant : 22 | Substantial : |
| Partially Compliant : 20 | Moderate : |
| Non-Compliant : 1 | Low : |
| Rank : 101/141 |
| Score : 4.56/10 |
| Rank : 8/180 |
| Score : 82/100 |
| Rank : 8/133 |
| Score : 67/100 |