By PAUL O’DONOGHUE, Senior Correspondent
DUTCH Finance Minister Eelco Heinen has said anti-money laundering (AML) rules in the Netherlands have “gone too far” and are causing unnecessary problems for legitimate customers.
In a letter to parliament, Heinen said banks should ease checks on low-risk customers and focus on serious money laundering threats. He said both banks and regulators became overly cautious after major settlements with prosecutors.
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