Anti-Money Laundering & SanctionsAccountancy
In recent years, the requirements of anti-money laundering regulators have become much stricter. Professional service firms such as accountants are gatekeepers, and if they fail to meet their legal obligations, this can result in drastic action by the public authorities, significant damage to the public image and considerable financial impact.
NautaDutilh's AML & Sanctions team advises on a daily basis on how to comply with the Dutch Money Laundering and Terrorist Financing Prevention Act (the 'Wwft') and Dutch and EU sanctions regulations.
Our services see on a correct performance of client due diligence reviews (CDD/KYC), investigations into and reporting of unusual transactions, and reviews of Wwft and sanctions policies. If a firm is faced with an investigation by the Netherlands Authority for the Financial Markets (the 'AFM') or the Financial Supervision Office (the 'BFT') for alleged failure to comply with the Wwft or sanctions regulations, our team is available to help you manage the investigation and minimise the repercussions risk.
