By CARLO BOFFA, EU Correspondent
The Dutch central bank fined payment firm CCV for lacking a framework to analyse risks to its integrity.
De Nederlandsche Bank (DNB) imposed a €400,000 penalty after finding that CCV lacked systematic detection and analysis of integrity risks, had no policy to manage them, and provided insufficient monitoring of risks and the effectiveness of controls.
“DNB therefore concluded that CCV was structurally deficient in its actions and did not adequately fulfil its gatekeeper function, and that CCV did not have a systematic understanding of the integrity risks relevant to it,” the regulator said.
The period of non-compliance ran until March 2018, though CCV did not adopt the required measures until 2019.
DNB first imposed a €625,000 fine on 9 July 2020, but reduced it twice after the company appealed.
This is the second fine against CCV disclosed by DNB in just over a week. The Dutch firm is a subsidiary of US payment company Fiserv, which acquired it in 2025.
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