Dutch central bank fines de facto leader €35,000 over unlicensed trust services

The Dutch central bank has fined a person €35,000 for leading a company that provided trust services without a licence, including administration and mail handling alongside registered addresses for clients.

De Nederlandsche Bank (DNB) says Exceeding Service B.V., formerly based in Almere, carried out the services between 12 June 2020 and 16 November 2023. The company has since been dissolved. DNB found that its activities amounted to professional trust services requiring a licence under the Trust Offices Supervision Act 2018, which the company did not hold.

The fine was imposed on 15 July 2026. DNB says the individual was in fact responsible for directing the infringement. The bank’s published status table records that an objection was lodged on 21 July; it does not list a decision on that objection or subsequent court proceedings.

The law regulates trust services to protect the integrity of the financial system, with licensed trust offices acting as gatekeepers. Those affected by the decision may object within six weeks of its publication; further appeals may be brought through the courts.