Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Financial Crime, Regulatory

BREAKING NEWS: Challenger bank Bunq wins ‘landmark’ case against Dutch central bank over use of AI in AML processes

Premium October 18, 2022

Amsterdam, where some of the raids took place

INSIGHT: What companies must know about the new Malta Settlement and Enforcement Guide

NEWS: AML Intelligence Academy launches four Recommended Specialist Courses

NEWS: Former ECB Supervisory Board member Elizabeth McCaul tells #EAFCS2026 how ‘digital twins’ are redefining compliance

By Elizabeth Hearst for AMLi

A Dutch challenger bank has won a “landmark” victory over the country’s Central Bank (DNB) over the use of artificial intelligence (AI) for its AFC processes. 

The Dutch Central Bank had initially banned Bunq’s use of AI and machine learning to conduct AML monitoring, leading to the bank suing the Central Bank.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in

INSIGHT: What companies must know about the new Malta Settlement and Enforcement Guide

NEWS: AML Intelligence Academy launches four Recommended Specialist Courses

NEWS: Former ECB Supervisory Board member Elizabeth McCaul tells #EAFCS2026 how ‘digital twins’ are redefining compliance

Regulatory Watch News

  • Slovenia: Council of Europe’s anti-corruption body GRECO closes monitoring round

    GRECO

    The Council of Europe’s Group of States against Corruption (GRECO), has closed its 5th evaluation round concerning Slovenia, in light of the progress achieved in implementing recommendations on preventing corruption within top executive functions in central government and law enforcement agencies. In a report published today, GRECO concludes that Slovenia has satisfactorily implemented or dealt with in a satisfactory manner 12 of the 15 recommendations addressed by GRECO to Slovenia in the Evaluation Report adopted in 2017. Three recommendations remain partly implemented, notably in areas related to financial transparency and oversight.

  • SFC obtains disqualification orders against former directors of China Candy Holdings Limited

    Securities and Futures Commission

    The Securities and Futures Commission (SFC) has obtained disqualification orders with durations of up to 33 months in the Court of First Instance against four former directors of China Candy Holdings Limited (China Candy) over their negligence in failing to uncover the overstatements in the company’s financial records and in discharging their duties as directors . The four former directors of China Candy named in the SFC’s legal proceedings are: Ms Li Yuna and Ms Yvonne Hung, former executive directors and chairpersons; Mr Fangus Chu Wai Wa and Mr Ong King Keung, former independent non-executive directors .

  • Administrative monetary penalties: Changes following legislative amendments

    FINTRAC

    FINTRAC has had the legislative authority to issue administrative monetary penalties to reporting entities that are in non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations since December 30, 2008. The Strengthening Canada’s Immigration System and Borders Act (Bill C-12), which received Royal Assent on March 26, 2026, introduces a new administrative monetary penalties framework under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Sign Up To Our Newsletter

Contact Us