Regulatory Alerts2022-02-23
Added · Updated
Monitoring compliance with the rules and regulations on recirculation of euro banknotes and coins – requirements and sanctions
De Nederlandsche Bank (DNB) exercises enforcement powers under Section 9c of the Bank Act, Section 11 of the Coinage Act, and Article 6a of Regulation (EC) 1338/2001 to impose administrative fines or orders subject to penalty for non-compliance. These measures target parties involved in processing and distributing euro banknotes and coins, specifically addressing violations of authenticity and fitness checking rules. The regulator distinguishes between banknotes and coins in determining fine levels, reflecting the legislator's assessment that potential societal damage is greater for banknotes.
More like this from DNB
We email you every new DNB publication the day it's published.
Topics
Share