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New Guidance on Wwft has been issued by Dutch Government

  • Posted by Tom Wijmans
  • On 29 July 2020
On the 21st of July 2020 the Dutch government has published their new Leidraad (Guidance) for the Dutch AML law, (Wwft). Currently it is only available in Dutch. You can dowload here.. If you need help with: A gap assessment of your current policies & procedures against this new guidance. A change in workflow descriptions […]
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Anti-money laundering (AML) extends beyond Transaction Monitoring alone.

  • Posted by Tom Wijmans
  • On 14 July 2020
Financial institutions perform transaction monitoring as an important preventive tool against anti-money laundering practices. A number of major banks in the Netherlands have even established a new organisation to jointly monitor their transactions. This is definitely a welcome decision; this will enable suspicious transactions that take place at multiple banks to be reviewed in their […]
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Latest update of the high-risk third countries list, effective as from October

  • Posted by Tom Wijmans
  • On 11 May 2020
On the 7th of May, the EU announced an update of the high-risk third countries list, effective as from October 2020. Countries that will be added to the list are: The Bahamas Barbados Botswana Cambodia Ghana Jamaica Mauritius Mongolia Myanmar Nicaragua Panama Zimbabwe   The EU plans to de-list a few countries that were previously […]
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Action plan for a Policy on preventing money laundering and terrorist financing

  • Posted by Tom Wijmans
  • On 11 May 2020
On the 7th of May, the European Commission announced a new Action Plan for a policy on preventing money laundering and terrorist financing. The European Commission plans to strengthen the fight against money laundering and terrorist financing. This Action Plan covers the forthcoming 12 months and, although there is a public consultation until the 29th […]
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Project management is a profession

  • Posted by Tom Wijmans
  • On 7 May 2020
Knocking on an open door? Yes of course… but not for everybody it seems. During my career, I have seen many project managers who simply busied themselves with spreadsheets. They appeared to have little understanding of what they were actually doing and even less of an understanding of what they wanted to achieve. Although many […]
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Systematic Integrity Risk Assessment (SIRA)

  • Posted by Robert van Asch
  • On 6 May 2020
To mitigate risks, you have to know what risks are present in the first place. In terms of the Anti-Money Laundering Directive (AMLD/WWFT), it is vital that the details and scenarios of and potential changes to these sometimes complex risks are known before appropriate risk mitigation strategies can be implemented in order to control the […]
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