PCAOB levies record $25M fine on KPMG Netherlands for exam cheating
CFO Dive
APRIL 10, 2024
The $25 million penalty is the largest fine of any type imposed by the auditor watchdog since it was created in 2002 following the Enron accounting scandal.
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Apple Pay Adds Support For Netherlands, Revolut Users
PYMNTS
JUNE 11, 2019
Apple Pay has added support for users in the Netherlands and also expanded services for Revolut users , according to reports. The service launched in Luxembourg and Hungary last month, and on Tuesday (June 11) in the Netherlands. All Apple Watch, iPad, Mac and iPhone users can use the service wherever it’s accepted.
Currencies 
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The Netherlands’ Small (But Mighty) FinTech Scene
PYMNTS
AUGUST 12, 2016
Before we jump into the post, here are a few quick facts about the Netherlands and its tech scene: . The Netherlands is estimated to have a population of 17 million. Forty-one percent of the jobs in the Netherlands are created by startups. Forty-one percent of the jobs in the Netherlands are created by startups.
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PSD2 Challenges Leave Norway, Netherlands Playing Catch-Up
PYMNTS
APRIL 18, 2019
Despite the original deadline for the PSD2 regulation, some countries — including Norway and the Netherlands — only implemented PSD2 into their financial infrastructures a few months ago. This factor puts them behind a few other countries when it comes to readiness for upcoming aspects of the regulation, such as SCA.
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Why The Netherlands Waited A Year To Roll Out PSD2
PYMNTS
MARCH 22, 2019
Customer Awareness is Key for PSD2 Adoption in the Netherlands. The Netherlands was one of the most recent countries to implement PSD2 this year, and mandating the regulation in such a market — where consumers are already used to faster payments and speedy transactions — requires a different approach by banks and businesses.
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69 Netherlands Is First EU Country To Release GDPR Fining Policy
PYMNTS
MARCH 14, 2019
The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to reports , and is the first European Union (EU) country to do so.
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Customer Awareness Is Key For PSD2 Adoption In The Netherlands
PYMNTS
MARCH 25, 2019
The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. Before that can happen, however, consumers in the Netherlands must be made aware of PSD2 and how it may affect their data, Hielkema noted.
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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding
PYMNTS
JANUARY 10, 2020
Deribit , a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to Bloomberg.
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Food Lion owner Ahold Delhaize’s CFO to step down
CFO Dive
JANUARY 10, 2023
Natalie Knight will leave the Netherlands-based grocery company, the owner of Food Lion, this summer to take an unspecified position in the U.S.
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SC ruling to decide fate of TRCs, tax notices to investors
CFO News
JANUARY 4, 2024
The apex court this week has given an interim stay on a significant Delhi High Court ruling in early 2023 that a tax residency certificate (TRC) is sufficient for a foreign investor's claim to pay zero or lower tax under treaties between India and overseas jurisdiction like Mauritius, Singapore and The Netherlands.
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Jubilant FoodWorks plans to fully buy DP Eurasia in Rs 670-cr deal
CFO News
NOVEMBER 28, 2023
Currently, JFL's wholly-owned arm, Jubilant FoodWorks Netherlands B.V, Jubilant FoodWorks Ltd (JFL), the operator of Domino’s Pizza and Dunkin Donuts, intends to acquire an additional 51.16% stake in DP Eurasia NV, the exclusive master franchisee of Domino's Pizza in Turkey, Azerbaijan, and Georgia. The acquisition, valued at EUR 73.36
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European vs South African Valuations - A Triple Edged Sword
Creative CFP
AUGUST 31, 2022
We recently performed a valuation exercise for a client who intends to swap shares in a successful South African application software company for those of a similar company in the Netherlands. The OECD reports that SMEs in the Netherlands have access to debt at an interest rate of 3.3% Damodaran of NYU Stern.
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Why is it so important for businesses to promote employee engagement and inclusion?
Future CFO
APRIL 10, 2022
Monique Pisters, partner and International Business Centre director at Grant Thornton Netherlands, gives her perspective on how a sense of belonging in a more flexible working environment is key to retaining talent in a competitive landscape. The post Why is it so important for businesses to promote employee engagement and inclusion?
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MNCs may face Rs 11,000 cr retro tax demand after SC ruling
CFO News
OCTOBER 22, 2023
Multinational companies based in the Netherlands, Switzerland, and France may face retrospective tax demands of around ₹11,000 crore on dividend income repatriated from India.
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Tiger Global Buys 4.4 Pct Slice Of Just Eat Takeaway Worth $746 Million
PYMNTS
JANUARY 22, 2021
million shares in Just Eat Takeaway, according to a filing made in the Netherlands, per Bloomberg, making Tiger among the biggest stakeholders in the food delivery platform. s Just Eat and Netherlands-based Takeaway. The hedge fund has 6.5 Just Eat Takeaway is the result of a 2020 merger between the U.K.’s
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European vs South African Valuations – A Triple Edged Sword
Creative CFP
AUGUST 31, 2022
We recently performed a valuation exercise for a client who intends to swap shares in a successful South African application software company for those of a similar company in the Netherlands. The OECD reports that SMEs in the Netherlands have access to debt at an interest rate of 3.3% Damodaran of NYU Stern.
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Dutch Competition Probe Into Payment Apps Centers On Apple Pay
PYMNTS
DECEMBER 4, 2020
The Netherlands Authority for Consumers and Markets (ACM) is homing in on contactless payments that can access near-field communication (NFC), which enables users to pay for goods and services by waving their phones across terminals. The main concern is Apple’s proprietary in-app purchase system (IAP).
Strategic Reentry: ING weighs buying IDBI Bank for India return
CFO News
JANUARY 17, 2023
Netherlands’ largest lender examining books, top brass was in India recently.
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What ‘Crypto Nationalism’ Might Mean For Cryptos
PYMNTS
SEPTEMBER 12, 2019
Coindesk reported this week that, in the Netherlands, cryptocurrency firms based outside of Europe may “get the boot” amid new regulations. Legislation in place before the Dutch House of Representatives will mandate that companies in the Netherlands tied to the crypto realm will need to register with the central bank.
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KKR Agrees To Purchase 1-800 Contacts From AEA Investors
PYMNTS
SEPTEMBER 23, 2020
Roompot , which was started in the Netherlands’ Zeeland region 55 years ago, is among the biggest holiday parks and campsite operators in Europe. It has over 150 sites in its collection with the inclusion of parks, resorts and campsites in Germany, the Netherlands, Denmark, Belgium, Spain and France.
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EU Slams Cyprus, Portugal Over AML Reform Delays
PYMNTS
FEBRUARY 13, 2020
Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money laundering, according to Reuters on Wednesday (Feb.12). Those countries are Cyprus, Hungary, the Netherlands, Portugal, Romania, Slovakia, Slovenia and Spain, according to the E.U.
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Bitcoin Daily: New Malware Fueled By Blockchain; Dutch Central Bank Requires Crypto Registration Crypto Registration
PYMNTS
SEPTEMBER 4, 2019
Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank , according to CoinDesk. The order includes firms based outside the Netherlands that are serving Dutch nationals, even online. “It It is irrelevant whether they are established in the Netherlands,” a DNB representative said.
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CERIL Report Reviews Cross-Border Effects in European Preventive Restructuring
Corporate Finance Lab
JULY 12, 2022
Bob Wessels (CERIL Chair, University of Leiden, the Netherlands). The reporters worked with contributions of a large group of scholars and insolvency practitioners (Czech Republic, Germany, Greece, Hungary, Italy, Poland, Portugal, Serbia, Slovak Republic, Spain, The Netherlands).
European Central Banks Demand Strict Cryptocurrency Regulations
PYMNTS
SEPTEMBER 13, 2020
11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to prohibit stablecoins until oversight challenges had been addressed, Reuters reported.
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Insolvencies adjust back to pre-pandemic levels
Future CFO
OCTOBER 5, 2023
The highest insolvency growth rates in 2023 are in Hong Kong and South Korea, as well as the US, Netherlands and Italy The increase continues at an accelerated pace in 2023, followed by a more tempered increase in 2024. After a global increase of 9% in insolvencies in 2022, 2023 will see a 34% increase.
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ABN Amro Under Investigation Over AML, Terrorist Financing
PYMNTS
SEPTEMBER 26, 2019
Netherlands bank ABN Amro revealed on Thursday, Sept. There have been several financial scandals in the Netherlands recently that illustrate how illicit money flows freely in Europe, and how the European Union is working to tighten regulations, but so far it has still had issues that it can’t control.
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ABN Amro Shares Drop Amid AML Investigation
PYMNTS
SEPTEMBER 26, 2019
Shares of Netherlands bank ABN Amro dropped 12 percent after the bank revealed an investigation by the Dutch public prosecutor over possible money laundering and terrorist financing activities, according to a report by the Financial Times.
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Generative AI training: Have you come up with a plan yet?
Future CFO
JUNE 15, 2023
Meanwhile, the least optimistic are the US (46%), the Netherlands (44%), and Japan (40%). The geographies most concerned about AI are the Netherlands (42%), France (41%), and Japan (38%), while the least concerned are the Middle East (25%), Brazil (19%), and India (14%).
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KKR To Buy Dutch Holiday Parks Company Roompot From PAI
PYMNTS
JUNE 18, 2020
Founded in the Zeeland region of the Netherlands 55 years ago, Roompot is one of the largest holiday parks and campsite operators in Europe. It has more than 150 sites in its portfolio including resorts, parks and campsites in the Netherlands, Germany, Belgium, Denmark, France and Spain.
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Ahold Delhaize Tests Checkout-Free Micro Store
PYMNTS
SEPTEMBER 25, 2019
Ahold Delhaize is testing out a checkout-free micro store under its Albert Heijn grocery banner in the Netherlands. It is located in front of the support office at Ahold Delhaize’s corporate headquarters in Zaandam, and will be tested by employees over the next two months before moving to another Netherlands site later this year.
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Sonos Targets Cafes, Coffee Shops For Subscription Services
PYMNTS
MARCH 10, 2020
The program is currently being tested by small- to medium-sized businesses (SMBs) in Seattle and the Netherlands. In the Netherlands, the Epidemic Spaces feature will be included. Sonos said it wants to let those businesses use a subscription program to choose between three bundle packages for speakers.
High-End Fashion Site Mytheresa To Start Trading On NYSE
PYMNTS
JANUARY 21, 2021
Mytheresa’s parent company, MYT Netherlands Parent B.V., He added that Mytheresa is “in a position of strength” as highlighted by its unique value proposition for brands and customers, and the company’s “profitable growth that has proven to be enduring and scalable.”. said in December that it had filed a registration statement with the U.S.
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German Bank Raided Over $117M Wirecard Loan
PYMNTS
SEPTEMBER 29, 2020
ING Group in the Netherlands and Commerzbank each took a hit of 175 million euros ($207 million), more than half of their profit for the second quarter. Frankfurt-based Commerzbank , part of a consortium of 15 lenders who provided 1.75 billion euros ($2 billion) in credit to Wirecard, wrote off 97 percent of the loan in August, FT reported.
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EU Eyes Half-Trillion Euro COVID-19 Stimulus Package
PYMNTS
APRIL 7, 2020
Spain and Italy, which have been hardest hit by the pandemic, were denied assistance by the fiscally conservative Germany and the Netherlands, the report said. The Netherlands, Germany and several others oppose the mutual aid arrangement. Reaching an accord may be a challenge for the European Union.
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56 WEX, Supply Chain Tech Financier Octet Pair On Virtual Cards
PYMNTS
APRIL 4, 2019
The unit, based in the Netherlands, will broaden WEX’s fleet payments operations across Europe. Go Fuel Card has a presence in the Netherlands, France, Belgium and Luxembourg, servicing smaller businesses and large enterprises.
Singapore Grants eDoc Firm xSuite Peppol Certification For Invoices
PYMNTS
JANUARY 11, 2021
Founded in 1994, xSuite has more than 200 employees and offices in Germany, Denmark, the Netherlands, Singapore, Slovakia, Spain and the United States. The product is geared toward Singaporean companies that use SAP, ERP or SAP S/4HANA and that aim to accept and process electronic invoices.". The company reported 2019 revenue of $43.3
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TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities
PYMNTS
JUNE 10, 2020
Last month, the data-protection commission in the Netherlands opened an investigation into TikTok’s policies to protect children’s data, noting the app is popular with Dutch youth, Bloomberg reported. EU authorities also warned police forces against using facial recognition software from Clearview AI , according to Bloomberg.
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Former Microsoft India CFO joins Tata Communications
Future CFO
OCTOBER 20, 2020
Prior to Microsoft, Shakir spent 23 years with Unilever in leadership roles across the globe — as International Funding Director in the Netherlands, Global Supply Chain Finance Director in the UK, CFO of the Home and Personal Care business in India and Global CFO for the Skin care category in the UK.
Unencrypted Vistaprint Database Exposed Personal Customer Data
PYMNTS
NOVEMBER 25, 2019
Vistaprint is owned by Cimpress, a company based in the Netherlands. He reached out to the company but didn’t hear back. After the report was published, the company quietly took down the database. Robert Crosland, a spokesperson for Vistaprint, said customers in the U.S., and Ireland were affected.
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CVS Pharmacy Unveils Contactless Payments Via PayPal, Venmo
PYMNTS
NOVEMBER 16, 2020
PayPal over the summer launched QR code payment programs in Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, Spain, the United Kingdom and the United States. (..)
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SoftBank Faces Scrutiny For $1B Investment In Wirecard
PYMNTS
JUNE 24, 2020
The Netherlands accounting firm said it was unable to conclude whether revenues booked from three partner processing companies ever existed for 2016, 2017 or 2018, CNBC reported. Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk.
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Money Transfer Startup Azimo Secures €20M In Debt Equity
PYMNTS
FEBRUARY 4, 2020
The firm has a license in the Netherlands, so it can continue its service EU member countries, regardless of Brexit. Azimo plans to expand into Asia before the end of the year; it is one of the only FinTechs from Britain that got a European license in the Netherlands before Brexit. “I think we’ll probably step on the gas.
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Bank Of France Gov Says Central Banks Should Control Crypto
PYMNTS
JANUARY 26, 2020
Villeroy said the plans were not because of Facebook’s Libra, but because of the speed of technology and the desire for digital currency by some banks. He noted that private citizens also might ask for cash alternatives. . “In
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Singapore Charges Citadelle Corporate Services Owner In Wirecard Collapse
PYMNTS
AUGUST 9, 2020
Frankfurt-based Commerzbank AG and ING Group in the Netherlands each took a hit of 175 million euros ($207 million), more than half of their profit for the second quarter. Last week, three of Wirecard’s biggest lenders filed earnings reports that declared substantial losses to the collapsed company. million).
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