De Nederlandsche Bank has published a sanction decision imposing a EUR 2,656,250 fine on payment institution CCV Group B.V. for failing to adequately and continuously monitor transactions, in breach of Article 3(2) of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft). The central finding is that CCV’s transaction monitoring controls did not work properly over a prolonged period, weakening its ability to detect unusual transactions and related integrity risks. DNB found that CCV’s transaction monitoring system was not fully and promptly fed with all merchant transactions for more than two years. It also found that, for 23 months, transaction profiles for 4,200 merchants, around 8% of the total, were not properly loaded into the system. In addition, CCV did not carry out adequate ongoing review of most alerts examined during the investigation. Alerts were closed without sufficient reasoning, sent to a department that then did not assess them, or closed in bulk without further justification, leaving relevant integrity risks insufficiently investigated. DNB said it increased the base fine of EUR 2.5 million because CCV had previously been fined for breaching the same Wwft provision, then reduced the amount in light of the remediation plan that CCV submitted to and is implementing with DNB. The decision becomes final if no legal remedies are used, and interested parties may object within six weeks of notification, followed by court appeal and higher appeal routes.
De Nederlandsche Bank2026-07-13
De Nederlandsche Bank fines CCV Group EUR 2,656,250 for anti-money laundering transaction monitoring failures
De Nederlandsche Bank has fined CCV Group B.V. EUR 2,656,250 for breaching Wwft requirements on continuous transaction monitoring. DNB found that CCV’s monitoring system was not properly populated for a prolonged period and that alerts were inadequately investigated. The fine was increased because of a prior breach of the same provision and then reduced to reflect CCV’s remediation plan.