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Vadim BlauStein: The Fourth Anti-Money Laundering Directive and the Beneficial Ownership Register

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As this directive directly relates to the areas of financial, corporate and trust services, we ask Vadim Blaustein, CEO of BlauStein Lawyers, to provide comments on this topic. Mr. Blaustein, your company has its headquarters in the Netherlands. Could you say that many things have changed in your business area after the 4th AML Directive came to force? Vadim Blaustein: The impact of the new Directive is not that big. In fact, the Netherlands were traditionally in the front lines of the fight against money laundering and had quite an exte... Read More »

Vadim BlauStein explains how Customs Union can work for the benefit of the Netherlands after Brexit

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Mr. Blaustein, what can you say about the current state of the customs situation in the EU? Vadim Blaustein: At this moment, 28 of the EU member states participate in the Customs Union - an agreement decades old, an instrument towards the liberalisation of trade in Europe, which subsequently became the cornerstone of the EU itself. Throughout its years of existence, it was gradually developing towards harmonisation of legislation, unification of tariffs and customs procedures in the participating states and designing of single trade policie... Read More »

Philips – the most reputable company in the Netherlands

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Hans de Jong, President Philips Netherlands, is delighted by the Award: "It is great to see that we are increasingly appreciated for our strategic choice to fully focus on health technology. It is also worth noting that the public's appreciation of this choice has further increased compared to last year." It is great to see that we are increasingly appreciated for our strategic choice to fully focus on health technology. It is also worth noting that the public's appreciation of this choice has further increased compared to last y... Read More »

Philips partners with the Medical University of Vienna to provide asthma and allergy sufferers with a pollen forecast

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This World Allergy Week (April 22 – 28) and World Asthma Day (May 1), Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, is helping parents take charge of their children’s asthma and allergy symptoms through awareness initiatives in more than 20 countries worldwide. The company today also announced its partnership with the Medical University of Vienna for a 3-day pollen forecast on the Air Matters app, which retrieves its data from global pollen measurement sites, including the new measurement station at Philips’ Dracht... Read More »

ABN AMRO Clearing Bank develops alternative for escrow accounts

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With this new service, every individual client of the non-bank organisation gets a bank account with the ABN AMRO Clearing Bank (AACB) via the blockchain. That way, fund flows between the organisation and its clients are included in payment processes under regular supervision, guaranteeing the required transparency. This block chain method drastically reduces administrative costs for the organisation by eliminating escrow account management costs. Fintech Nxchange is the first client to launch this solution, starting in February. Great mark... Read More »

Philips and the Dutch Heart Foundation join forces to promote heart health in the Netherlands

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One of the key aims is to make the Netherlands a ‘6-minute cardiac arrest’ zone by extending a sustainable network of community first responders and AEDs (Automated External Defibrillators) across the entire country. This will enable an estimated 2,500 lives to be saved each year. The partnership agreement was signed today by Floris Italianer, Director of the Dutch Heart Foundation, and Henk Valk, Market Leader Benelux at Philips, in Eindhoven, the Netherlands. This important new partnership has several key focus areas. In addition to saving... Read More »

The Netherlands Can Feed the World. Here’s Why It Shouldn’t

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Recently, National Geographic published an article called “This Tiny Country Feeds the World,” where the author extolled the innovations of a small European country that has managed to become a global powerhouse in agriculture and technology—the Netherlands. Now the second biggest exporter in value of agricultural products after the U.S., the country has managed to cut down carbon emissions and its use of fertilizer and pesticides while implementing cutting-edge technology and increasing yields. The article opens with a vivid description of ... Read More »

Europe’s largest pension fund to drop tobacco and nuclear weapons investments

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Owen Walker YESTERDAY Europe’s biggest pension fund, ABP of the Netherlands, plans to ax tobacco and nuclear weapons from its investment portfolio. The €405bn scheme joins a growing list of institutional investors in shunning stocks they deem harmful to the environment and to human health. The industry-wide fund, which manages money on behalf of 2.9m members, said on Thursday it will sell €3.3bn of tobacco and nuclear arms industry holdings in the next year. “Investments in tobacco and nuclear weapons have been a dilemma for us for quite some t... Read More »

Belgium and the Netherlands swap land to change their national borders

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The area affected, which is the size of 27 football fields, sits of east of the Belgian city of Vise and west of the Dutch village of Eijsden and on the river Meuse.  As of 2018 the countries’ border now goes down the centre of the river Meuse, with the Netherlands taking control of just over 40 acres of new land, while Belgium adopts around 8 new acres. The change was made after a peninsula on the river gained a reputation for lawlessness because of the geographical difficulties policing it from the Belgian side, which on paper controlled it. ... Read More »

Is this the future? Dutch plan vast windfarm island in North Sea

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Britain’s homes could be lit and powered by windfarms surrounding an artificial island deep out in the North Sea, under advanced plans by a Dutch energy network. The radical proposal envisages an island being built to act as a hub for vast offshore windfarms that would eclipse today’s facilities in scale. Dogger Bank, 125km (78 miles) off the East Yorkshire coast, has been identified as a potentially windy and shallow site. The power hub would send electricity over a long-distance cable to the UK and Netherlands, and possibly later to Belgium, ... Read More »

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