Financial Crime World

Netherlands Financial Crime Landscape: AML/CTF Drives Hiring Surge in Compliance Sector

The Dutch Financial Services Sector: A Key Hub for Financial Crime Professionals

Amsterdam, the Netherlands - The Dutch financial services sector is experiencing a surge in hiring, particularly in the Compliance and Financial Crime domain. This hiring surge is driven by the need for stronger Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) systems.

Isabul Anchebe’s Compliance and Financial Crime Hiring Market Update for the Netherlands

Isabul Anchebe, Associate Director and Head of Compliance at Danos Group, shares her insights on the current Compliance and Financial Crime hiring market in the Netherlands. Danos Group is a leading provider of Compliance, Financial Crime, Legal, Risk, ESG, and Cyber professionals to worldwide firms.

Increase in Hiring due to Advanced AML/CTF Requirements

  1. Advanced requirements for AML/CTF systems
  2. Russian-Ukrainian conflict amplifies the need

The Netherlands financial sector is witnessing an increase in hiring due to advanced requirements for stronger AML/CTF systems. The Russian-Ukrainian conflict has further amplified this need.

Utilizing Data in Compliance Positions

  1. Significant role of data in the fight against financial crime
  2. Improving financial intelligence

Financial institutions in the Netherlands are shifting toward utilizing data in Compliance positions, allowing organizations to improve their financial intelligence and implement effective measures against financial crimes.

Regulatory Framework and FinTech Industry Growth in the Netherlands

Besides the regulatory requirements set by DNB (De Nederlandsche Bank) and AFM (Netherlands Authority for the Financial Markets), the growth of FinTech companies, specifically in payments and e-money sectors, contributes to the Netherlands being a leading European FinTech Hub.

ESG Factors in Compliance Practices

Environmental, Social, and Governance (ESG) factors are increasingly significant in compliance practices. Organizations are expected to demonstrate a commitment to sustainability, ethical business practices, and social responsibility.

Competitive Employment Market for Compliance and Financial Crime Professionals

Recent developments have led to a competitive employment market for compliance and financial crime professionals, including Asset Managers, Banks, and FinTechs. A notable shortage of talent in various areas within these industries has resulted in an attractive market for candidates.

The Netherlands: A Crucial Center for Financial Market Stability

As regulators heighten their focus on regulatory financial crime matters, the country continues its effort to attract and retain desirable talent in the field. Contact Isabel Anchebe, the experienced senior recruiter specializing in European Compliance roles, for more information.

Contact Information

Isabel Anchebe Associate Director and Head of Compliance in Europe Danos Group +44 (0) 203 889 5758 ianchebe@danosassociates.com

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