AML/CFT: The fight against economic and financial crime

Our compliance specialists support financial institutions in their fight against financial and economic crime

AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism)

As a Financial institution you are expected to limit and prevent financial and economic crime. The fight against money-laundering and terrorism financing is also known as Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) and is a major focus both for society and the financial regulator.

The AML/CFT is the Dutch application of various EU anti-money laundering directives. Financial institutions are obliged to comply with the AML/CFT and Sanctions Act.

Compliance with the AML/CMFT

As a financial institution you are a gatekeeper and must follow the rules laid out in the AML/CFT and Sanctions Act. You need to identify risk and respond appropriately to prevent it.

You must complete a systematic risk analysis and implement suitable risk- management strategies. Surveys have highlighted the challenges that institutions face trying to achieve this. Trying to put these measures into practice can be another headache. Our team of experienced compliance consultants is here to support you in interpreting the AML/CFT and Sanctions Act. We can help to ensure that you remain compliant and retain your good reputation.

AML/CFT training

Everyone involved in decision making in your organisation should have a clear understanding of the AML/CFT, and employees should undergo regular training sessions to make sure that they do.

Our training institute, The Ministry of Compliance, provides a range of specialised courses focused on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).