Kingdom of the Netherlands-Netherlands: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
April 19, 2011
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There is terrorism and terrorist financing (TF) risk, but it appears limited based on available information. The Netherlands has criminalized money laundering (ML) fully in line with the requirements under the Vienna and Palermo Conventions. The Netherlands has a long-standing financial intelligence unit (FIU), which is one the founding members of the Egmont Group of FIUs and enjoys high trust for its professionalism, both domestically and internationally. The suspicious transaction reporting requirement needs to be strengthened to ensure that suspicious transactions are reported promptly to the FIU.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), authorities power, authority, beneficial owner, CR, customer, Customs authorities power, due diligence, Europe, financial institution, ISCR, Kingdom of the Netherlands-Netherlands, Legal support in revenue administration, Money laundering, Netherlands, offense, predicate offense, proceeds, Terrorism financing
Pages:
19
Volume:
2011
DOI:
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Issue:
091
Series:
Country Report No. 2011/091
Stock No:
1NLDEA2011001
ISBN:
9781455230099
ISSN:
1934-7685
