July 1 2019
Banning cash payments of over 3 thousand euros, regulating cryptocurrencies, and calling for the 500 euros banknote to be taken out of circulations are two of a large package of measures against money laundering that Ministers Wopke Hoekstra of Finance and Ferdinand Grapperhaus of Justice and Security sent to parliament on Monday.
Other measures include increasing the capacity of money laundering watchdog FIU Nederland and other investigative authorities, so that they can investigate more reports of suspicious transactions. Banks will be encouraged to share information about suspicious clients. And the Netherlands will advocate for the establishment of a European regulator on money laundering, to better coordinate the fight against this crime on an international level.