By Elizabeth Hearst for AMLi
The Netherlands needs to do more to prevent legal persons from being used for criminal purposes, the country’s latest Mutual Evaluation Report (MER) finds.
Published today (Wednesday) by the Financial Action Task Force (FATF), the country’s MER shows the Netherlands needs to devote “more resources” to improve its risk-based supervision.
Overall, the Netherlands gets a good bill of health from the global FinCrime watchdog – with efforts to tackle money laundering and terrorist financing are delivering “good results”, said FATF.
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