{"id":295,"date":"2019-11-01T08:09:46","date_gmt":"2019-11-01T12:09:46","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=295"},"modified":"2024-01-11T05:55:39","modified_gmt":"2024-01-11T09:55:39","slug":"netherlands-dutch-national-bank-fines-trust-office-for-kyc-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/11\/01\/netherlands-dutch-national-bank-fines-trust-office-for-kyc-failings\/","title":{"rendered":"Netherlands &#8211; Dutch National Bank fines trust office for KYC failings"},"content":{"rendered":"<p>The Rotterdam District Court has <a href=\"https:\/\/uitspraken.rechtspraak.nl\/#!\/details?id=ECLI:NL:RBROT:2019:8566&amp;showbutton=true&amp;keyword=Sanctiewet&amp;idx=11\">heard an appeal<\/a> against fines imposed by the Dutch National Bank on a trust office.<\/p>\n<p>The fines were of \u20ac593,750 and \u20ac10,000.<\/p>\n<p>Some aspects of the appeal were upheld and the fines were reduced, but the court agreed with the KYC failings (including related to sanctions screening) and imposed revised fines of \u20ac534,375 and \u20ac9,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rotterdam District Court has heard an appeal against fines imposed by the Dutch National Bank on a trust office. The fines were of \u20ac593,750 and \u20ac10,000. Some aspects of the appeal were upheld and the fines were reduced, but the court agreed with the KYC failings (including related to sanctions screening) and imposed revised &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2019\/11\/01\/netherlands-dutch-national-bank-fines-trust-office-for-kyc-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Netherlands &#8211; Dutch National Bank fines trust office for KYC failings&#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":[74,71],"tags":[20,12,31],"ppma_author":[7],"class_list":["post-295","post","type-post","status-publish","format-standard","hentry","category-74","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\/295","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=295"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/295\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=295"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}