Regulatory Alerts2023-07-05
Added · Updated
Penalty and Disclosure Regime for De Facto Directors and Legal Entities
De facto directors and legal entities are subject to identical penalty amounts under Dutch law, with the Dutch Central Bank (DNB) applying its Penalty Amounts Policy to determine fine levels. Penalties for non-compliance with the Financial Supervision Act, Anti-Money Laundering and Anti-Terrorist Financing Act, Act on the Supervision of Trust Offices, Pensions Act, or Mandatory Occupational Pension Scheme Act must be publicly disclosed unless a statutory exception mandates anonymization, postponement, or waiver.
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