Assessment of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Measures in the Netherlands

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Introduction

The Netherlands has a well-established system to combat money laundering (ML) and terrorist financing (TF). This assessment evaluates the country’s AML/CFT measures, highlighting both strengths and areas for improvement.

Understanding of ML/TF Risks

• The Netherlands demonstrates a good understanding of its ML/TF risks through national risk assessments and sectoral evaluations.
• However, there is room to enhance the risk understanding by incorporating more relevant information into the National Risk Assessments (NRAs).

Domestic Coordination and Cooperation

• The country has a robust domestic coordination and cooperation on AML/CFT issues at both policy and operational levels.
• Public-public, public-private, and private-private partnerships are leveraged through various platforms to facilitate collaboration.

Access to Financial Intelligence

• Law Enforcement Agencies (LEAs) have access to a broad range of financial intelligence and information to conduct investigations into ML, TF, and predicate offences.

Strengths of the Dutch System

• Public-private partnerships and close operational cooperation between the FIU-NL (Financial Intelligence Unit – Netherlands) and LEAs are notable strengths of the system.

Conclusion

The assessment highlights both positive aspects and areas for improvement in the Netherlands’ AML/CFT measures. While there is room to enhance certain aspects, the country has made significant progress in addressing ML/TF risks. Ongoing efforts will be crucial to continue strengthening the effectiveness of its AML/CFT framework.