AML – How to Effectively Implement Transaction Monitoring?
A financial institution should actively monitor its customers’ payment traffic through transaction monitoring with the aim of identifying unusual activity (including unusually large transactions, transactions to/from high-risk countries, or deviations from a customer’s expected payment behaviour etc.). But transaction monitoring is also essential for lenders, factoring companies and crowdfunding platforms, where payments are usually made via bank transfers or direct debits, to comply with Wwft rules. Read more about this in our latest article.
Rethinking Work Time: Legal Transformation in The Netherlands
Chambers and Partners never misses out on thought leadership content from legal experts and the key stories driving the legal profession forward. In their latest Expert Focus publication ACG International’s Managing Partner, Mrs. Edith Nordmann examined the legal framework, key judgements, and their implications on the definition of ‘work time” within Dutch labour law. To […]
The Legal 500 Country Comparative guide on employment and labour law
The Legal 500 Country Comparative Guide offers a roadmap through the complex legal landscape that impacts the daily operations and workplace rights. Understanding these laws is essential for navigating the challenges of the modern workplace, ensuring compliance, and fostering a harmonious work environment.
International Comparative Legal Guide on employment and labour law
International Comparative Legal Guide on Employment and Labour Law – Netherlands chapter where Mrs. Nordmann illuminates critical nuances of employment and labour laws and regulations in The Netherlands
Joint Approach to Money Laundering by Dutch Banks Under Fire!
Banks are obliged under Dutch (and European) law (the Prevention of Money Laundering and Terrorist Financing Act, “Wwft”) to monitor all financial transactions of their customers for possible criminality. But the big Dutch banks’ joint money laundering approach undermines European legislation (AMLR) and must stop.
Navigating the Waters of Director’s Personal Liability and Its Inheritance: A Legal Perspective
Personal liability for a company’s debts can now be inherited. A director’s personal liability for a company’s outstanding debts does not simply disappear on death. Instead, this responsibility is transferred to the director’s heir(s).
Strategic decision-making, transparency and the need for comprehensive legal and financial preparation are of great importance to anyone involved in or connected to the business sphere. Understanding these dynamics and preparing for their implications is crucial for both protection and forward planning.
Deliveroo’s legal legacy: a tale of two jurisdictions and the shifting sands of the Gig Economy
The Dutch and UK Deliveroo rulings show that similar scenarios can have vastly different outcomes in different jurisdictions. Entrepreneurs planning to expand internationally must be mindful of the variances in legal frameworks and regulations across borders. A lack of preparation for international expansion can lead to costly setbacks rather than successful growth.
EU Directive transparent and predictable terms of employment and the ‘free’ training
Since the implementation of the EU Directive on transparent and predictable terms of employment the Dutch law explicitly states that employer is obliged to have the employee follow training and courses necessary for his/her job at the employer’s expenses.
B20 Summit – New Delhi 25-27 August 2023
This year, Edith Nordmann, ACG International’s Managing Partner, was invited to be the Dutch member of the Task Force Future of Work, Skilling and Mobility under the Business 20 (B20 (of the G20 2023)). Edith Nordmann attended the B20 Summit meeting with approximately 100 esteemed professionals from around the world specialised in the field of employment.
B20 Summit summarized for FD
Following the B20 Summit ACG International’s Managing Partner summarized this important meeting for FD.