Regulatory Alerts2025-11-05
Added · Updated
DNB Good Practices Wtt 2018
This document provides guidance for trust offices on complying with the Act on the Supervision of Trust Offices 2018 (Wtt 2018), replacing previous policy statements. It outlines requirements for sound operational management, including the obligation to maintain at least two day-to-day policymakers and to establish independent compliance and audit functions performed by internal staff. The text details specific obligations for customer due diligence, noting that trust offices must adhere to specific results-oriented measures rather than the risk-based approach applied under the general Anti-Money Laundering Act. Additionally, it sets out standards for documenting due diligence processes and mandates education and training for staff.