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“Steun banken bij inschatten van riskante cliënten”
(Website NRC, 30 August 2021).

It is respectable to ask how much we can and should expect from banks in protecting the community against money laundering, criminal activities and terrorism. Of course, the banks and other payment providers must carry out the necessary checks, just like we expect this from other commercial organizations which carry out required checks.

Because payment transactions are a multi-sided market, proper control is difficult to perform by a single party and requires cooperation. A number of banks already collaborates within Transaction Monitoring Netherlands (TMNL). But it would make more sense for the government to do this check based on the information provided by banks and payment services. In any case, the government should support TMNL financially and ensure that other parties also join this organization.

Read the article on the website of NRC (text in Dutch)

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