DNB conducts an active enforcement policy including regular inspections. If we find that you are providing unlicensed trust services, we have several enforcement measures that we can impose, including issuing cease-and-desist orders and imposing administrative fines.
A violation of the Wtt 2018 is a criminal offence under the Economic Offences Act, which we can report to the public prosecutor's office.
Prohibition on operating as a trust office without a licence
- Relevant for:
- 1 april 2017
If you do not hold a licence from DNB, you are not permitted to provide trust services. This follows from Section 3 of the Act on the Supervision of Trust Offices 2018 (Wet toezicht trustkantoren, Wtt 2018). The prohibition does not apply if you qualify for exemption.