The Netherlands: regulator signs cooperation agreement with Financial Markets Authority

Yesterday, the Dutch Gambling Authority (“KSA”) reported that it entered into an agreement with the Netherlands Authority for the Financial Markets (“AFM”) to cooperate in the implementation of the Financial Supervision Act (Wft), Money Laundering and Terrorist Financing (Prevention) Act (Wwft) and the Betting and Gaming Act (Wok). The authorities intent to cooperate and to exchange information in order to prevent any overlap in activities to be carried out within the framework of the abovementioned acts, which is aimed to be beneficial to the quality of the two supervisory domains.