Compliance with applicable laws and regulations has full focus of DNB. From news messages in the media we can learn that DNB has issued instruction letters and fined trust companies for shortcomings in their on-going CDD obligations and transaction monitoring. Some trust companies have lost their license.
During this quarterly update we will therefore zoom-in on the importance of on-going CDD, transaction monitoring and corporate behaviour and culture. We will do this by discussing the following topics and hand you several useful tools to improve your performance: