DUTCH FIU SETS UP BANK LIASON SYSTEM TO SHARE ANONYMISED AML ANALYSIS
February 1st, 2021
The Dutch Financial Intelligence Unit (FIU-Nederlands) (1) and four major banks - ABN AMRO, ING, Rabobank and de Volksbank – have set up the Fintell Alliance NL, a public private partnership (PPP) to work together at one physical location to combat the estimated EUR16 billion (USD18 billion) laundered through the Netherlands each year (2). The February 11 launch (3) follows a successful pilot with de Volksbank that since 2018 not only improved bank reporting to FIU-Nederlands and compliance with the Dutch Money Laundering and Terrorist Financing (Prevention) ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.