KNB: more clarity needed about BFT plans

The Royal Dutch Association of Civil-Law Notaries (KNB) wants more clarity on the Financial Supervision Bureau's (BFT) plans to improve supervision and enforcement. The notarial profession also wants more tools to combat undermining. The KNB stated this in a letter to members of the House of Representatives.

The BFT recently stated in a letter that it wants more insight into the effects of its supervision. To this end, the agency is developing new "effectiveness indicators." The KNB would like to know what these are. The BFT will also increase the frequency of regular inspections, but what additional numbers are involved?

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In its letter (pdf) to the members of the House of Representatives, the Royal Dutch Bar Association (KNB) also points to two important motions. The first calls for an investigation into the role of civil-law notaries, among others, in the embezzlement of criminally obtained funds. This is in response to the study "The Underside of Amsterdam," which also addresses the involvement of civil-law notaries in undermining crimes. The professional organization has previously indicated its support for this investigation.

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The other motion concerns the desirability and necessity of providing civil-law notaries with more tools to combat criminal undermining. Civil-law notaries act as gatekeepers to prevent fraud and money laundering. To fulfill this role even more effectively, they would like to be given several additional tools. For example, the ability to search for natural persons in the Trade Register and the establishment of a central shareholder register. It should also be possible to warn fellow civil-law notaries about clients with malicious intent.