According to the Financial Action Task Force (FATF), the Netherlands’ main money laundering risks are related to fraud and drug-related offenses, representing 90% of all Dutch proceeds of crime. While the Netherlands’ measures to combat money laundering and terrorist financing are delivering good results, the country needs to do more to prevent legal persons from being used for criminal purposes. Thus, the EU member needs to raise access to beneficial ownership data and improve supervision of non-financial businesses and professionals.
FATF credited the Netherlands for effectively using financial intelligence in financial crime investigations, giving the country high effectiveness scores in global cooperation and domestic coordination. The FATF report founds strong cooperation between the Dutch financial intelligence unit (FIU-NL) and law enforcement agencies.
As for its adherence to FATF’s 40 technical recommendations, the Netherlands was rated fully compliant with 10, largely compliant with 28, and only partially compliant with two.
