De Nederlandsche Bank, the central bank of the Netherlands, released a research paper on the changing role and future of cash, analyzing benefits with a reduction in consumer use of cash and risks associated with a move to using digital and alternative methods of payment.
De Nederlandsche Bank, the central bank of the Netherlands, announced the signing of a letter of intent on cooperation with the Centrale Bank van Curaçao en Sint Maarten, or the central bank of Sint Maarten.
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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.