The NetherlandsDe Nederlandsche Bank NV, the central bank of the Netherlands, announced that it is considering experimenting with the development of a central bank digital currency.
De Nederlandsche Bank, the central bank for the Netherlands, published Working Paper 693, which analyzes the public’s trust in financial institutions.
Dutch Courts’ Knowledge of AML Grows as Battles Over Accounts Increase
In April, the Court of Appeal in Amsterdam backed a decision by ING, the largest bank in the Netherlands, to sever long-standing ties with Nieuwburen B.V., a real estate firm that refused to hand over a certified copy of its beneficial owner’s passport or other government-issued ID.
With STRs, Quantity Over Quality Wins the Day in Most European Nations
STRs dropped significantly last year in Luxembourg, Belgium and the Netherlands after authorities began emphasizing quality over quantity of reporting and eliminated certain numerical thresholds for filing.
European Nations Feature Heavily in ‘FinCEN Files’
Prompted by Compliance Calculations, Dutch Banks Exit Entire Industries
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 |