Netherlands – DNB issues instruction to trust office regarding sanctions compliance

The Nederlandsche Bank (DNB) has issued a press release relating to Erez Corporate Service B.V. Erez was issued an “instruction” in June 2021 by the DNB in relation to the remediation of various compliance failings, including compliance with EU sanctions. Erez has sought to challenge, and then appeal, this instruction, but those efforts have not … Continue reading Netherlands – DNB issues instruction to trust office regarding sanctions compliance