Regulatory Alerts2023-10-18
Added · Updated
Consultation DNB Wwft Q&As and Good Practices
De Nederlandsche Bank (DNB) is consulting a new policy document titled 'Wwft Q&As and Good Practices' to provide financial institutions with guidance on their legal obligations under the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft). This document replaces the previous 'DNB Leidraad Wwft en Sw' regarding AML/CFT regulations, excluding the Sanctions Act sections which will be published separately. Stakeholders and market participants were invited to submit responses by November 30, 2023, focusing on risk-based interpretation, document structure, and intra-group outsourcing of transaction monitoring.
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