{"id":276,"date":"2017-09-29T08:42:13","date_gmt":"2017-09-29T12:42:13","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=276"},"modified":"2024-01-10T14:07:50","modified_gmt":"2024-01-10T18:07:50","slug":"netherlands-fine-of-e100000-imposed-on-payment-services-provider","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2017\/09\/29\/netherlands-fine-of-e100000-imposed-on-payment-services-provider\/","title":{"rendered":"Netherlands &#8211; fine of \u20ac100,000 imposed on payment services provider"},"content":{"rendered":"<p>In 2015 the Dutch National Bank had imposed a financial penalty of \u20ac125,000 on an unnamed payment services provider for failings in relation to sanctions and PEP screening as part of a review by the bank.<\/p>\n<p>The payment services provider appealed the decision.<\/p>\n<p>On appeal to the District Court of Rotterdam the <a href=\"https:\/\/uitspraken.rechtspraak.nl\/#!\/details?id=ECLI:NL:RBROT:2017:7264\">penalty was upheld<\/a> but the fine reduced to \u20ac100,000.<\/p>\n<p>The National Bank had originally calculated the fine as \u20ac550,000 which was then reduced due to the financial condition and size of the defendant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2015 the Dutch National Bank had imposed a financial penalty of \u20ac125,000 on an unnamed payment services provider for failings in relation to sanctions and PEP screening as part of a review by the bank. The payment services provider appealed the decision. On appeal to the District Court of Rotterdam the penalty was upheld &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2017\/09\/29\/netherlands-fine-of-e100000-imposed-on-payment-services-provider\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Netherlands &#8211; fine of \u20ac100,000 imposed on payment services provider&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,71],"tags":[20,12,31],"ppma_author":[7],"class_list":["post-276","post","type-post","status-publish","format-standard","hentry","category-68","category-financial-services","tag-financial-sanctions","tag-fine","tag-netherlands"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=276"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}