In summer 2016 new legislation will go into effect that may affect the privacy of shareholders of family businesses.

On June 9, two major Dutch business lobby organizations expressed privacy concerns in a letter to the Minister of Economic Affairs and the Minister of Security and Justice...

The European Commission has published proposals to strengthen rules against money laundering and terrorist financing.

The Dutch central bank has imposed a significant financial penalty on ABN Amro for failures in its customer due diligence processes, particularly concerning high-risk clients. The investigation revealed critical gaps in the bank's ability to identify and address potential sanctions evasion involving dual-use goods and intermediaries in high-risk jurisdictions.

Hans Urlus, Maquina Lamé and Rabia Simsek authored this Practice Note that explains the requirements for Dutch entities and trusts to register and maintain information on their Ultimate Beneficial Owners...

On 19 April 2012 a bill amending the Acts to prevent money laundering and financing of terrorism was submitted to the Second Chamber of parliament.

ING Bank has reached a USD 619 million settlement with the US Treasury Department to avoid potential prosecution for allegedly facilitating billions of dollars' worth of payments to Cuban and Iranian customers.

The implementing law will require trustees to obtain and maintain certain information about the trusts and beneficial ownership thereof on a register administered by the Chamber of Commerce.

For example, institutions will now be explicitly required to provide as many different training courses as is required for each specific function in an organization.

The Dutch Central Bank recently published its updated guidance on money laundering, terrorism financing and sanctions.

On 15 May 2012, the Minister of Security and Justice has published a draft bill for advice that would extend existing measures to combat financial and economic crime.

Changes to proposed regulation on insider trading and market manipulation.

From 26 June 2017, each company in the Netherlands must have at least one ultimate beneficial owner.

Appointing an Anti-Money Laundering Compliance Officer (AMLCO) and Money Laundering Reporting Officer (MLRO)/Deputy Money Laundering Reporting Officer (DMLRO) is essential...

The Serious Fraud Office has published a code of practice on the use of deferred prosecution agreements.

The Dutch Central Bank recently published its updated guidance on sanction laws and legislation against money laundering and terrorism financing.

The government takes the view that the Wwft should be periodically expanded and amended in order to guarantee the effectiveness of its measures.

Op 12 december 2023 heeft De Nederlandsche Bank N.V. (DNB) good practices gepubliceerd om betaalinstellingen en elektronischgeldinstellingen een handreiking te bieden voor het beheersen...

Banks, like the rest of the Netherlands, are free to choose whether to enter into a contractual relationship with a legal entity, or are they?

In its response to the objections of Bitonic, DNB has acknowledged the illegitimacy of its application of a verification requirement.