Jan 30, 08:19 AM

De Volksbank Fined €20 Million for Inadequate Customer Control Measures at ASN and SNS

De Volksbank, a Dutch financial institution, has been fined €20 million by De Nederlandsche Bank due to inadequate customer control measures at its ASN and SNS brands. The fine is part of regulatory actions aimed at improving risk management practices within the bank. This penalty highlights ongoing scrutiny of financial institutions in the Netherlands regarding their compliance with customer protection regulations.

#De Volksbank #Dutch #De Nederlandsche Bank #ASN #SNS #Netherlands

Written with ChatGPT (GPT-4o mini).

Sources

Reuters Legal@ReutersLegal
10 months ago
Netspend will pay about $1.1 million to settle New York state accusations it illegally charged low-income customers exorbitant interest rates on paycheck advances, and let debt collectors seize their funds https://t.co/01fnAQIOMo https://t.co/Dic1cQ4qqG
Reuters@Reuters
10 months ago
Dutch lender Volksbank fined for inadequate risk management https://t.co/ba4C8TCmPr https://t.co/cYxM1Anyqj
NU.nl@NUnl
10 months ago
De Volksbank krijgt miljoenenboetes om gebrekkige klantcontrole bij ASN en SNS https://t.co/UStSM2kMg4

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De Volksbank Fined €20 Million for Inadequate Customer Control Measures at ASN and SNS

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