DUTCH BANKS WANT TO TEAM UP TO FIGHT MONEY LAUNDERING

On 13th September, the NL Times reported that 5 Dutch banks – ABN Amro, ING, Rabobank, Triodos Bank and Volksbank – want to team up and establish an organization to tackle money laundering together.  The idea is that by viewing the banks’ total 10 billion transactions per year together, it will be easier for the organisation – Transactie Monitoring Nederland (TMNL) – to identify suspicious activities.

https://nltimes.nl/2019/09/13/dutch-banks-want-team-fight-money-laundering

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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