Dutch Banks Face Larger Fines, Public Scrutiny for AML Violations

The House of Representatives, the lower house of the Netherlands’ legislature, overwhelmingly voted in favor of amending the Law to Prevent Money Laundering and Terrorist Financing to raise the ceiling for AML-related penalties to 20 percent of an offending bank’s annual turnover if the violation in question occurred within five years of a previous enforcement … Continue reading Dutch Banks Face Larger Fines, Public Scrutiny for AML Violations