COVERAGE
Smart Compliance Solutions for The Netherlands
Aligned with Dutch regulatory standards, our tools help organisations streamline compliance processes, enhance oversight, and operate confidently within the local framework.
Trusted by 1,500+ clients globally
Who are the regulators in The Netherlands?
The Dutch Central Bank (DNB)
Regulates a broad range of financial institutions, including banks, credit and exchange institutions, payment and e-money providers, life insurers, trust offices, crypto service providers, and safe-deposit box lessors.
The Dutch Authority for the Financial Markets (AFM)
Supervises investment firms, investment institutions, and financial service providers, including banks involved in life insurance mediation and UCITS-related activities.
The Financial Supervision Office (BFT)
Oversees accountants, tax advisers, administrative service providers, and civil-law notaries to ensure compliance with regulatory and AML obligations.
The Dutch Tax Authority and Wwft Supervision Office
Regulates real estate agents and intermediaries, property valuers, traders in high-value goods, art dealers, pawnshops, and domicile service providers.
The Local Dean of the Bar Association
The local Dean of the Bar Association: Supervises lawyers, ensuring compliance with professional standards and AML-related regulatory requirements in the Netherlands.
The Gaming Authority (KSA)
Acts as the supervisory body for gaming establishments, including casinos, overseeing compliance with regulatory, operational, and security standards.
Who is regulated in The Netherlands?
Financial Institutions (FIs)
Who are classified as FIs?
Banks
Payment and e-Money Institutions
Investment Firms
Insurers
Crypto/Virtual Asset Service Providers (VASPs)
Designated Non-financial Businesses and Professions (DNFBPs)
Who are classified as DNFBPs?
Real Estate Agents
Dealers in Precious Metals or Precious stones.
Lawyers
Notaries
Accountants
Trust and Company Service Providers
Auditors
Casinos and Gambling Establishments
Dealers in High-Value Goods
Expectations for regulated firms
Entities must apply a risk-based approach, conduct Customer Due Diligence (CDD) and beneficial-owner verification, monitor business relationships, and file unusual transaction reports with the national FIU
AML/KYC Checklist for The Netherlands
- Verify the identity and legal status of clients; identify and verify any beneficial owners.
- Assess risk factors including product, channel, geography, and customer type.
- Conduct enhanced due diligence for higher-risk relationships and maintain documentation and record-keeping.
Supervision & Enforcement
The De Nederlandsche Bank (DNB) supervises compliance for many institutions, and may issue orders subject to penalty for breaches, including fines
The Netherlands Authority for the Financial Markets (AFM) also supervises compliance among firms in its remit under the Wwft.
Supported ID documents from The Netherlands
National ID
Idenfo can verify the Netherlands National ID (Dutch ID card), issued by the Dutch Ministry of the Interior and Kingdom Relations, ensuring accurate data matching and full compliance with Dutch regulatory requirements.
Document Verification
- Evaluates document quality by checking for glare or blur.
- Identifies any signs of tampering or forgery within the document.
- Confirms the authenticity of hologram prints.
- Extracts key data using optical character recognition (OCR).
NFC Scanning
- Reads data from the identity card's NFC chip.
- Verifies the NFC chip data for integrity and authenticity.
The Netherlands Passport
Idenfo verifies Dutch passports issued by the Dutch Ministry of the Interior and Kingdom Relations, confirming the holder’s name, date of birth, and contact details as part of Enhanced Due Diligence for KYC in the Netherlands.
Document Verification
- Evaluates document quality by detecting glare or blur.
- Identifies potential tampering or forgery.
- Verifies the document’s format for accuracy.
- Cross-checks data against the MRZ code and hologram.
NFC Scanning
- Reads data from the passport's NFC chip.
- Verifies the NFC chip data for integrity and authenticity.
How it works
Document Capture
Scan and extract key identity details from official documents.
Liveness Check
Ensure the person is real and matches their verified ID photo.
Data Verification
Cross-check personal details against trusted government sources.
Risk Screening
Assess AML and sanctions risks before onboarding customers.
User Authentication
Simplify returning logins with secure biometric authentication.