Financial Crime World

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Dutch Government Unveils Plan to Combat Money Laundering, Reinforce Anti-Financial Crime Framework

In 2019, the Dutch government presented an action plan to strengthen its anti-money laundering framework and combat financial crimes. The plan aims to improve the approach to anti-money laundering by introducing several measures, two of which are part of the Dutch Recovery and Resilience Plan.

Reinforcing the Financial Intelligence Unit

The Financial Intelligence Unit (FIU), responsible for preventing and detecting money laundering, fraud, and tracing financing of crimes, is being reinforced with an additional 20 full-time equivalents compared to January 2022. This enhancement aims to improve the unit’s ability to combat financial crimes.

New Law Introduces Limit on Cash Payments

A new law has been sent to parliament introducing a limit on cash payments of EUR 3,000, set to take effect from January 1, 2025. This measure is part of the broader action plan aimed at combating money laundering in the Netherlands.

Action Plan: Key Areas and Measures

The plan focuses on three key areas:

  • Increasing barriers for criminals to launder money: Investing in projects targeting criminal financial flows and crypto-assets.
  • Enhancing the effectiveness of gatekeepers and supervision: Introducing a national limit on cash payments above EUR 3,000, data sharing and joint processing by financial institutions, and establishing a Serious Crime Taskforce that shares information on money laundering subjects between detection bodies and large banks.
  • Strengthening investigation and prosecution: Developing the bank account data reference portal with balance and transaction data, additional capacity for the Tax Intelligence and Investigation Service, the Financial Intelligence Unit, and the Public Prosecutor’s Office.

Additional Measures

  • Development of a Serious Crime Taskforce that shares information on money laundering subjects between detection bodies and large banks.
  • Additional capacity for the Tax Intelligence and Investigation Service, the Financial Intelligence Unit, and the Public Prosecutor’s Office.
  • Investment in projects targeting criminal financial flows and crypto-assets.

For more information on the Dutch government’s plan to combat money laundering, please visit:

[Wetsvoorstel Plan van aanpak witwassen | Nieuwsbericht | Rijksoverheid.nl](http://Wetsvoorstel Plan van aanpak witwassen | Nieuwsbericht | Rijksoverheid.nl)

[FIU - the Netherlands | FIU-Nederland](http://FIU - the Netherlands | FIU-Nederland)