A study conducted by the De Nederlandsche Bank (DNB), the Dutch Central Bank, has revealed that Dutch banks fail to freeze Russian assets due to typos.
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A third of Dutch financial institutions are unable to trace and freeze blacklisted Russian assets due to translation errors in account owners' surnames, undermining EU sanctions.
In a startling revelation from a study conducted by the De Nederlandsche Bank (DNB) - the Dutch Central Bank, it has emerged that approximately one-third of Dutch financial institutions are struggling to identify and freeze blacklisted Russian assets.
18 months into Russia's special military operations in Ukraine, the European Union imposed financial and economic sanctions on Russia, primarily freezing the assets of targeted Russians and companies. As part of the EU, the Netherlands has imposed sanctions on 1,473 individuals and 207 entities, amounting to the freezing of €644.5 million in financial...