Without a licence it is prohibited to:
- operate as a trust office in the Netherlands;
- operate as a trust office from a branch office outside the Netherlands providing services to the Netherlands;
- perform activities directed at providing trust services by a trust office having its registered office in a non-designated state.
We pursue a policy of active enforcement and perform checks at regular intervals. If we find that you are providing trust services without a licence, we have several enforcement measures that we can impose, including issuing cease and desist orders and imposing administrative fines.
Non-compliance with the Act on the Supervision of Trust Offices constitutes a criminal offence under the Economic Offences Act, which we can report to the public prosecutor's office.