The Dutch central bank (DNB) fined Volksbank €5 million for significant and persistent failings in its anti-money laundering (AML) controls between 2020 and 2023. These failures included inadequate transaction monitoring, a backlog of unprocessed alerts, and insufficient customer due diligence. The DNB highlighted Volksbank's role as a gatekeeper in preventing criminal activity and stressed that the fine was proportionate given repeated prior warnings. Volksbank's ineffective risk detection system exposed the financial system to money laundering risks. Volksbank has a six-week window to appeal the decision.
No persons identified in this episode.
This episode hasn't been transcribed yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster
Other recent transcribed episodes
Transcribed and ready to explore now
3ª PARTE | 17 DIC 2025 | EL PARTIDAZO DE COPE
01 Jan 1970
El Partidazo de COPE
13:00H | 21 DIC 2025 | Fin de Semana
01 Jan 1970
Fin de Semana
12:00H | 21 DIC 2025 | Fin de Semana
01 Jan 1970
Fin de Semana
10:00H | 21 DIC 2025 | Fin de Semana
01 Jan 1970
Fin de Semana
13:00H | 20 DIC 2025 | Fin de Semana
01 Jan 1970
Fin de Semana
12:00H | 20 DIC 2025 | Fin de Semana
01 Jan 1970
Fin de Semana