The NetherlandsThe Netherlands highlighted several initiatives in support of its feminist foreign policy in the past year, such as organizing the Ukraine Accountability conference to address sexual violence in conflict and being one of the initiators of European Union sanctions against sexual violence.
The government of the Netherlands announced the European Union’s new package of sanctions against individuals and organizations linked to the Syrian regime which are directed towards the regime’s extensive drug-trafficking operations, oppression of the population, and cooperation with Russia.
Netherlands Reconsiders AML Risk, Aims to Give Banks More Discretion
Dutch regulators want to give banks more flexibility in deciding how they conduct due diligence and ensure they spend more time vetting and monitoring clients most likely to expose their institutions to financial crime.
Dutch Fraud Lawsuit Against Binance Hits Obstacle
Binance, the global, self-proclaimed “decentralized” cryptocurrency exchange that has fallen under increasingly rigorous legal and regulatory scrutiny in several countries over the past two years, must contend with a new problem, this time from former customers.
De Nederlandsche Bank imposed an administrative fine of €3,325,000 on the Dublin, Ireland-based crypto services company for failing to register with the regulator as required under the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act.
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.
| Technical | Effectiveness |
|---|---|
| Compliant : 10 | High : 2 |
| Largely Compliant : 28 | Substantial : 5 |
| Partially Compliant : 2 | Moderate : 4 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 101/141 |
| Score : 4.56/10 |
| Rank : 8/179 |
| Score : 82/100 |
| Rank : 8/133 |
| Score : 67/100 |