© DNB
We have taken note of the ruling of the Trade and Industry Appeals Tribunal (CBb) in the bunq appeal case. We note that the Tribunal found that we have proved that bunq is in non-compliance with various provisions of anti-money laundering rules. Specifically, the Tribunal referred to the obligation to investigate the source of a customer's financial resources and the obligation to establish the identity of the ultimate beneficial owner, along with non-compliance with the rules governing enhanced customer due diligence in the case of politically exposed persons.
The Tribunal ruled there was insufficient substantiation for a number of the instances of non-compliance which we had found. We will assess the ruling and explore its implications for our supervision. We will also take the ruling onboard in our dialogue with the financial sector on risk-based compliance with statutory requirements and the use of technology to combat money laundering.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
On 30 September 2024, DNB published the amendments to the two policy rules for the deposit guarantee scheme (DGS). These amendments were publicly consulted in June 2024.
Read more Adoption of the 2024 amendments to the Policy Rules for the Deposit Guarantee Scheme
As at 30 June 2024, Dutch households held some €15 billion in bank deposits in other euro area countries, the latest figures from DNB and the European Central Bank (ECB) show. This means foreign savings keep growing.
Read more Dutch households see foreign bank deposits double in two years
DNB is extending the period during which it will take no enforcement action on the boundary between the banking book and the trading book.
Read more DNB extends non-enforcement period with respect to boundary between banking book and trading book
