ARTICLE
7 February 2012

AFM Starts Pilot On Fast-Track Fines For Acting As An Intermediary Without A Licence

The pilot concerns cases involving violations of section 2:80.1 FMSA (acting as an intermediary without a licence) where the offender does not dispute the facts and legal assessment of the facts and cooperates with a fast-track processing of the case.
Netherlands Finance and Banking
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The pilot concerns cases involving violations of section 2:80.1 FMSA (acting as an intermediary without a licence) where the offender does not dispute the facts and legal assessment of the facts and cooperates with a fast-track processing of the case. The fine will be reduced and the AFM will report the offender's cooperation when publishing details of the fine. If the offender objects to the fine at a later stage and disputes the facts established during the fast-track procedure or the legal assessment of the facts, the offender will cease to meet the conditions of the fast-track procedure and may lose the right to a fine reduction.

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