
FATF Report Urges The Netherlands To Improve Access To Ownership Data!
According to the FATF, the Netherlands’ main money laundering risks are related to fraud and drug-related offenses, representing 90% of all Dutch proceeds of crime. While the Netherlands’ measures to combat money laundering and terrorist financing are delivering good results, the country needs to do more to prevent legal persons from being used for criminal purposes. Thus, the EU member needs to raise access to beneficial ownership data and improve supervision of non-financial businesses and professionals.