Financial Crime World

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Financial Sanctions Compliance in Netherlands: A Guide for Businesses and Individuals

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The international community uses financial sanctions to exert influence on conflicts within and between countries without resorting to military intervention. The Netherlands plays a key role in implementing these sanctions, which include arms embargos, asset freezes, travel restrictions, and trade bans.

Ensuring Compliance

To ensure compliance with these sanctions, the Customs Central Import and Export Office (CDIU) issues licenses and grants exemptions for imports and exports of goods and services from or to sanctioned countries. The agency closely monitors customs declarations to detect any violations.

Export Sanctions

The Netherlands prohibits the export of certain goods to specific countries or requires a license for such transactions. For example, military goods cannot be exported to countries involved in armed conflicts or those with authoritarian regimes.

  • Customs checks whether exports contain required licenses and will halt shipments if necessary.
  • Failure to comply with export sanctions can result in severe penalties.

Import Sanctions

Sanctions also apply to imports, prohibiting or requiring licenses for the import of certain goods from specific countries. Customs verifies the presence of required licenses and will stop imports without them.

Determining Whether a Sanction Applies

Businesses and individuals can check whether their dealings involve sanctioned countries or goods by consulting the following resources:

  • EU Sanctions Map: an overview of all European Union-imposed sanctions
  • Sanctions Act 1977 (in Dutch): available on the website of the Ministry of Justice and Security
  • Strategic Goods Manual from the Ministry of Economic Affairs (in Dutch): provides information on controlled goods and technologies
  • International Sanctions information from the Ministry of Foreign Affairs: provides an overview of international sanctions

Forms and Notifications

To comply with sanctions, businesses and individuals can use the following forms:

Application Forms

  • Application for a Licence for the export or transit of strategic goods or goods subject to sanctions
  • Application for an authorisation for export or re-export sanctions goods to Russia
  • Application for a Licence for import sanctions goods from Russia

Notification Form

  • Notification of the loss of a licence

These forms are available in Dutch only. For more information on submitting these forms, please refer to the relevant authorities.

Conclusion

By following these guidelines and resources, businesses and individuals can ensure compliance with financial sanctions in the Netherlands and contribute to maintaining international peace and security.