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INSIGHT: Dutch banks introduce additional fees to cover cost of AML/CFT checks on companies and churches

NETHERLANDS: ABN-AMRO is one of a number of Dutch banks introducing additional fees for commercial entities for AML/CFT checks

By AML Intelligence Correspondents

COMMERCIAL entities and churches in the Netherlands are being asked to pay additional banking fees to cover the cost of money laundering checks, it’s reported.

ABN Amro, ING and SNS have so far introduced the new fees and Rabobank was following suit this week, the Dutch broadcaster NOS said.

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