Dutch central bank tells banks to check its retail clients for tax evasion


August 7 2019

The Dutch central bank has said that high street banks should check all their retail clients’ accounts for signs of tax evasion, the Financieele Dagblad said on Wednesday. If they have suspicions about a client, it would be a good reason to refuse to give them an account, the paper quotes the central bank as saying. The central bank’s position derives from the legal requirement that all banks work to combat tax evasion and other financial crime, the FD said. The central bank published its detailed recommendations last month.