Regulatory Alerts2025-06-24
Letter to Financial Service Providers Regarding Mortgage Fraud Responsibilities
The Dutch Authority for the Financial Markets (AFM) issued this directive to financial service providers licensed in mortgage credit to highlight their essential role in preventing and reporting mortgage fraud. The regulator mandates that providers maintain fraud-resistant operations, critically verify all submitted documents, and ensure transparent client identification and advice to avoid unintentional complicity. Failure to comply may result in severe consequences including contract termination by lenders, reputational damage, and legal liability under the statutory reporting obligation.
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