Implementing sanctions against Putin’s court is ‘a big job’ at banks | Financial

In Crimea, a resident quickly removes money from the wall at RNCB Bank.

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UTRECHT – A painstaking job, a spokesperson for the Dutch Banking Association (NVB) describes the work for banks with the sanctions of the European Union against Russia. Dozens of senior politicians and businessmen affiliated with Russian President Vladimir Putin were officially banned by Brussels on Wednesday, along with seven banks. Dutch banks have become accustomed to all the stricter money laundering and customer checks. “But it does take some work”, says Rabobank.