An unnamed financial services provider had appealed three fines imposed on it by the Dutch National Bank in relation to inadequate AML and sanctions screening in relation to transactions to do with Somalia, Syria and Saudi Arabia.
The fines were €8,000, €5,000 and €10,000 for the three identified breaches.
The fine of €8,000 was reduced on appeal to €7,600 on the basis of delay by the regulator, but the others were upheld.