Over the past years the Dutch trust sector has become a highly regulated sector. Trust offices in the Netherlands are under strict supervision. The reason for this is that the regulator has eventually understood and realised that trust offices are at great risk of becoming involved in money laundering or conducting business with fraudulent parties. In order to be able to supervise trust offices and to regulate the sector, the Dutch Trust office supervision act (Wtt) entered into force in […]

Introduction Some of you probably know that as a hobby I publish books in translation from Eastern European languages into English and Dutch – http://www.glagoslav.com. One of my recent publications is the book written by a prominent Russian attorney Anatoly Kucherena, who has been handling the case of Snowden in Russia. The author has written a book based on the true story of his client Edward Snowden – Time of the Octopus, which has become the basis for the script […]

On the 25th of May, the General Data Protection Regulation (GDPR) will go into effect. With the instalment of the GDPR, protection of personal data becomes increasingly important. Companies have to take account of more and stricter rules with regard to data protection. However, various questions arise as a result of the instalment of the GDPR. For companies, it may be unclear which data are considered to be personal data and fall underneath the scope of the GDPR. This is […]

When you buy something in a web shop – even before you have had a chance to pay electronically – you are often asked to tick a box by which you declare to agree with the general terms and conditions of the web shop. If you tick that box without having read the general terms and conditions, you are one of many; hardly anybody reads them before ticking. However, this is risky. General terms and conditions may contain unpleasant content. […]

Introduction In our rapidly digitalizing society, the risks with regard to money laundering and terrorist financing become increasingly bigger. For organizations it is important to be aware of these risks. Organizations have to be very accurate with compliance. In the Netherlands, this especially applies to institutions which are subject to obligations which derive from the Dutch Law on prevention of money laundering and terrorist financing (Wwft). These obligations are installed in order to detect and combat money laundering and terrorist […]