With this regulation, the Minister of Finance imposes a duty on financial institutions to report to FIU Nederland at Zoetermeer (formerly named: Unusual Transactions Reporting Office) any request for a financial service in which a (legal) person or entity occurring on the EU freeze list acts as other party or is in any other way involved.
Decree on the Disclosure of Transactions for Funding Terrorism
- Relevant for:
- ban, ci, cis, cb, emi, in, if, pi, pf, ppf, to, wi
- 15 january 2007
Under the sanctions regulations, financial institutions are obliged to freeze funds of designated (legal) persons and entities and to refrain from providing services to these (legal) persons and entities. These (legal) persons and entities are named in the so-termed EU freeze list.