Guideline on the Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act

Guideline on the Anti-Money
Laundering and
Anti-Terrorist Financing Act and the Sanctions Act December 2020 version Some parts of this information are no longer current and will be amended. Please see Sanctions screening (dnb.nl).

2 This Guideline applies to institutions that are subject to DNB supervision and complements the “General Guidance on the Anti-Money Laundering and Anti￾Terrorist Financing Act (Wwft)” of the Ministry of Finance and the Ministry of Justice and Security,1 and the “Guidance Financial Sanctions Regulation” of the Ministry of Finance.2 The guidance documents clarify the various obligations arising from the Wwft and the Sw and provide tools for the implementation of these obligations. The other Wwft supervisory authorities also provide guidance for the institutions falling under their supervision.3 This Guideline is neither a legally binding document nor a DNB policy rule as referred to in Section 1:3(4) of the General Administrative Law Act (Algemene wet bestuursrecht) and does not have or aim to have any legal effect. This Guideline does not replace legislation and regulations, policy rules or supervisory regulations in this area. The examples in this Guideline are not exhaustive and cannot be deemed sufficient for compliance with the legal requirements in all cases. DNB intends this Guideline to serve as an aid for the explanation and application of the legal obligations. 1 Available for consultation at: https://www.rijksoverheid.nl/documenten/richtlijnen/2020/07/21/algemene￾leidraad-wet-ter-voorkoming-van-witwassen-en-financieren-van-terrorisme-wwft (available in Dutch only). 2 Available for consultation at: https://www.rijksoverheid.nl/documenten/rapporten/2020/08/12/leidraad￾financiele-sanctieregelgeving (available in Dutch only). 3 AFM, Tax Administration/Wwft Supervision Agency, Financial Supervision Agency, Gambling Authorities and the presidents of the Netherlands Bar.