It is being reported in the Netherlands that the Dutch authorities are undertaking an investigation into trust companies within the BK Group for alleged breaches of the EU’s misappropriation sanctions in relation to the Ukraine.
Netherlands – 19 year jail term imposed on appeal
The Court of Appeal in Hertogenbosch has upheld and extended the conviction and sentence imposed on an individual for breaches of the EU’s Liberian sanctions.
Amongst other offences, the defendant had supplied arms and munitions to the government of Charles Taylor in breach of sanctions.
At first instance he had been acquitted of some charges and sentenced to 8 years in jail. Both the defendant and the public prosecutor appealed.
On appeal all charges were found proven and a sentence of 19 years was imposed.
Netherlands – Dutch National Bank’s fine of trust office upheld on appeal
The District Court of Rotterdam has dismissed an appeal by a trust office against a penalty imposed by the Dutch National Bank.
The penalty was imposed for KYC failings by the trust office specifically in the context of sanctions screening and compliance, including insufficient investigation of the origin of the assets within certain trusts.
The size of the fine is not mentioned in the appeal judgment.
Netherlands – two-year sentence for breach of Al Qaida sanctions
The Court of Appeal in the Hague has upheld the conviction of a man for breaches of the EU’s Al-Qaida/ISIS and Terrorism sanctions.
The individual had transferred €17,000 to his brother who was fighting for ISIS in Syria.
The man was sentenced to 10 months in jail with a further 14 months suspended subject to a three-year probation period.