Netherlands (NL)

Jurisdiction Overview

360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? Yes, there are fines for disclosing client's banking data to any third party, but no prison terms.
 Data Date: 2019


According to Netherlands' Ministry of Finance, to protect banking secrecy, the law / regulation determines a maximum fine of EUR 820.000 as per article 66 of the Law for the protection of personal information (TJN Survey-2017). The 2019 Global Forum report does not add any information (GF 2019: 82).

TJN Survey-2017
GF 2019: 82