DNB says Dutch banks must tighten money laundering controls


The Netherlands Bank has told the country’s finance minister that too many Dutch commercial banks are neglecting their statutory anti-money laundering (AML) responsibilities.

The DNB told Dutch finance minister Wopke Hoekstra that its inspections had found several commercial banks were failing to carry out their “gatekeeper” functions. Some Netherlands banks were not properly researching customers or monitoring transactions, the DNB said.

The DNB also told Hoekstra, in a letter on September 24

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