Pursuant to the Money Laundering and Terrorism Financing (Prevention) Act (Wwft), FIU-the Netherlands is the organisation to which entities with an obligation to report should report unusual transactions. With its analysis of reported unusual transactions, FIU-the Netherlands uncovers money flows that can be linked to money laundering, the financing of terrorism, or underlying crimes. After the transactions have been declared suspicious by the head of the FIU-the Netherlands, they are put at the disposal of various law enforcement and investigative services.
FIU-the Netherlands’ financial intelligence contributes significantly to the national and international fight against money laundering and financing of terrorism. To be effective, an international approach and effective cooperation with national partners is key.
Money laundering and financing of terrorism are cross-border problems that can only be tackled effectively in an international setting. Binding agreements are made about the approach to these problems within the European Union and the Financial Action Task Force (FATF). The Dutch legislation is also based on these European directives and intergovernmental obligations. In the Netherlands, the Money Laundering and Terrorism Financing (Prevention) Act implements the Third European Money Laundering Directive (Directive 2005/60/EC). This Directive builds on existing EU legislation, simultaneously taking account of the FATF’s ‘forty recommendations’. Recently, a Fourth Money Laundering Directive was adopted by the European Parliament and the Council. The Netherlands and the other Member States must have implemented the obligations arising from this new directive in 2017 at the latest.
Pursuant to the Money Laundering and Terrorism Financing (Prevention) Act, the Financial Intelligence Unit-the Netherlands (FIU-the Netherlands) is the central point where the various entities with an obligation to report should report unusual transactions. On this page, you will find more information about FIU-the Netherlands, its mission, its tasks, and its competences.