In opening remarks at a seminar on transaction monitoring for trust offices, the Dutch Central Bank urged the sector to file transaction reports with the Financial Intelligence Unit more quickly and said reporting remains low compared with other financial sectors. It highlighted that a substantial number of offices have never made a report, while reports that are filed are often designated suspicious, which DNB said raises the risk that suspicious transactions are going unreported and financial crime remains undetected. DNB framed the seminar as a practical effort to increase reporting by explaining what happens to firms' reports, clarifying the rules and gathering feedback on why filing volumes are low, including whether transaction monitoring practices or further investigation lead firms not to report. It also acknowledged concerns that tighter scrutiny could push clients toward illegal providers, noting that a Financial Expertise Centre project is under way with the Tax Administration, Fiscal Information and Investigation Service, Public Prosecution Service and the FIU to tackle illegal trust service provision, alongside a separate DNB investigation into the splitting of trust services. Firms were asked to share signals of illegal activity so action can be taken.
De Nederlandsche Bank 2026-05-12
Dutch Central Bank flags low reporting by trust offices and urges more and faster FIU transaction filings
De Nederlandsche Bank has urged trust offices to submit transaction reports to the Financial Intelligence Unit more quickly, noting that reporting volumes remain low compared with other financial sectors and that many offices have never filed a report. It warned this raises the risk of suspicious transactions going unreported and highlighted ongoing efforts, including a Financial Expertise Centre project with other authorities and an investigation into the splitting of trust services, to address illegal trust service provision and improve monitoring.