The gatekeeper function examined

The Dutch financial system can be abused by criminals to launder illegally obtained assets or to finance terrorism. To prevent this, the Money Laundering and Terrorist Financing (Prevention) Act imposed measures on financial institutions and professional service providers – known as gatekeepers. Gatekeepers also face obligations under the Sanctions Act 1977 (Sw) and often specific laws, regulations, or professional standards. Some financial institutions, such as non-life insurers, are not covered by the Wwft but are expected to comply with the Sanctions Act. KPMG investigated the opportunities and possibilities for improving the efficiency and effectiveness of the anti-money laundering chain and compliance with the Sanctions Act through cooperation of the various groups of gatekeepers, or through the application of creative other ways of working. You can find the results of this study here (The English version will follow later).