The Dutch central bank (DNB) has published details of a EUR 35,000 administrative fine imposed on July 15, 2026, on an individual for directing the provision of unlicensed trust services by Exceeding Service B.V. The penalty concerns the individual’s responsibility for the company’s breach of the licensing requirement under the Trust Offices Supervision Act 2018.
Between June 12, 2020, and Nov. 16, 2023, Exceeding Service supplied clients with postal or visiting addresses alongside additional services, including administration and mail processing, on a professional or commercial basis. This combination constitutes trust services under the act and requires a DNB license, which the company did not hold. Operating without a license bypassed the market entry controls intended to protect the integrity of the financial system and placed the company outside DNB supervision. Exceeding Service has since been dissolved.