{"id":285,"date":"2018-07-03T10:09:23","date_gmt":"2018-07-03T14:09:23","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=285"},"modified":"2024-01-10T14:33:41","modified_gmt":"2024-01-10T18:33:41","slug":"netherlands-dutch-national-bank-fines-of-e170000-upheld-on-appeal","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/07\/03\/netherlands-dutch-national-bank-fines-of-e170000-upheld-on-appeal\/","title":{"rendered":"Netherlands &#8211; Dutch National Bank fines of \u20ac170,000 upheld on appeal"},"content":{"rendered":"<p>The District Court of Rotterdam <a href=\"https:\/\/uitspraken.rechtspraak.nl\/#!\/details?id=ECLI:NL:RBROT:2018:5236&amp;showbutton=true&amp;keyword=Sanctiewet&amp;idx=5\">has upheld<\/a> fines of \u20ac170,000 imposed by the Dutch National Bank on a payment services provider for breaches of Dutch sanctions law and AML rules.<\/p>\n<p>The appeal was largely based on arguments that the internal compliance function had adequately performed its function. The court was highly critical of this argument, noting the lack of due diligence and periodic training.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The District Court of Rotterdam has upheld fines of \u20ac170,000 imposed by the Dutch National Bank on a payment services provider for breaches of Dutch sanctions law and AML rules. The appeal was largely based on arguments that the internal compliance function had adequately performed its function. The court was highly critical of this argument, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/07\/03\/netherlands-dutch-national-bank-fines-of-e170000-upheld-on-appeal\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Netherlands &#8211; Dutch National Bank fines of \u20ac170,000 upheld on appeal&#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":[73,71],"tags":[20,12,31],"ppma_author":[7],"class_list":["post-285","post","type-post","status-publish","format-standard","hentry","category-73","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\/285","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=285"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/285\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=285"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}