In the Netherlands a new Act on the prevention of money-laundering and financing terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme) has come into force.
This new Act implements the Third Money Laundering Directive and combines the former Identification (Services) Act and the Disclosure of Unusual Transactions (Services) Act (Wet identificatie bij dienstverlening en Wet melding ongebruikelijke transacties). The Netherlands Authority for the Financial Markets (Autoriteit Financiele Markten) and the Dutch Central Bank (De Nederlandsche Bank) have announced that until 1 January 2009 they will show leniency in enforcing the new rules for client identification under the new Act.
Set out below are links to the new Act on prevention of money-laundering and financing terrorism and the publication of the Netherlands Authority for the Financial Markets and the Dutch Central Bank. Both are only available in Dutch.