Netherlands Requiring Cryptocurrency Providers to Establish Sanctions Compliance Programs
To operate in the Netherlands, cryptocurrency providers must establish sanctions compliance controls, a June 11 EU Sanctions blog post said. The regulation, announced last month, calls for providers to register with the Dutch Central Bank, which requires “adequate internal measures…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
and controls to ensure compliance” with EU and Dutch sanctions requirements, the post said. The bank may deny a registration if it does not approve of a company’s compliance program.