Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Banking, Compliance, EU/Europe, Financial Crime, Regulatory

NEWS: Dutch regulator fines Volksbank €5 million over serious, persistent AML failures

FINED: Our file photos shows the De Volksbank in Utrecht.

By AML Intelligence Correspondents THE Dutch Central Bank (DNB) has imposed a €5 million fine on de Volksbank for persistent failures in its anti-money laundering (AML) controls, citing serious and long-standing deficiencies in risk monitoring and transaction surveillance. Following an extensive examination, DNB found that de Volksbank failed to properly assess, monitor, and mitigate money…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!