Together against terrorist financing
Together we can take the global fight against terrorist financing to an even higher level.
On October 27th, FIU-the Netherlands shared a newsletter with the obliged entities that included red flags in relation to Hamas. Recent developments made clear that this organization, which has long been designated as a terrorist organization in many parts of the world and therefore included on sanctions lists, has been able to build up/obtain a significant financial position. In order to gain more insight in this and prevent further financing, FIU-the Netherlands is participating in a specialized taskforce with several FIUs. The goal is to gain insight into the international money flows surrounding Hamas, more recently and in the past, in order to get a better view on how they’ve built up their financial position.
Cooperation with the private sector is essential and thus a vital part of this taskforce. Together we can take the global fight against terrorist financing to an even higher level. As soon as new risk indicators, originating from this taskforce, have been developed, we will share these with the obliged entities in order to help them prevent misuse of their services. The collaborating FIUs have prepared this statement regarding the taskforce
January 16, 2024
As of January 1st 2024, FIU-the Netherlands stopped with its traditional newsletter to obliged entities.
October 24, 2023
Starting today, reports of unusual transactions made based on the subjective indicator without a transaction description will be rejected.
August 3, 2023
Last week, FIU-the Netherlands visited the Financial Crime Enforcement Network (FinCEN). Our American counterpart, FinCEN is both the US FIU and the AML/CFT supervisor in one. The working visit was all about sharing knowledge and expertise and strengthening cooperation.