This week, we had an excellent conversation with the Dutch Minister of Finance, Eelco Heinen, about the future direction of AML supervision in The Netherlands — and we fully support the path he is advocating.
Over the years, AML regulations have become increasingly complex and burdensome, often leading to unintended consequences:
- Low-risk individuals and businesses face unnecessary delays and friction.
- Financial institutions are forced to spread limited resources across all customers, instead of focusing on the actual risks.
- Administrative burdens grow, while the true objective — preventing financial crime — is sometimes lost in the process.
The Minister’s approach makes absolute sense:
✅ Apply proportionality: not every customer or transaction carries equal risk
✅ Focus resources where risks are real and significant
✅ Use advanced data and technology to support risk-based decisions
✅ Reduce unnecessary bureaucracy for consumers and companies
✅ Strengthen public-private collaboration on effective AML intelligence, not just raw data sharing
At IBANXS, we see the real-world impact of these challenges every day. As an Open Banking platform facilitating access to financial data, we strongly believe that compliance should be both effective and efficient — allowing institutions to focus on where real risk lies, while ensuring smooth access for legitimate customers.
💡 Smarter AML is not softer AML — it’s better AML.
We fully support this proportional and risk-based shift in supervision, and look forward to contributing to a system that truly balances safety, innovation and accessibility.
#AML #Compliance #OpenBanking #Fintech #RiskBasedApproach #Innovation #FinancialCrime #IBANXS
