What should institutions do with the Pandora papers?

DNB expects supervised institutions to include information such as the Pandora Papers in the ongoing monitoring of their clients and the determination of the risk profile of these clients (in accordance with the CDD provisions in the Wwft and Wtt 2018), to conduct additional research if necessary and to take adequate measures. DNB also expects institutions to examine the extent to which this information and reporting has an impact on their own organisation and their own executive/supervisory directors and to take appropriate measures in response. Where abuses are found, DNB expects institutions to report them to their regulator.

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