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Achmea Real Estate Fined €1.7M for Money Laundering Violations

Anti Money Laundering

Business Honor
01 May, 2025

Dutch regulator penalizes Achmea for failing to report suspicious transactions and perform due diligence.

On 29^th 2025, Achmea Real Estate was fined 1.7 million euros by the Dutch Authority for the Financial Markets (AFM) for grave violations of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft).

According to reports, the offenses took place between 2018 and 2022, when Achmea's real estate division was known as Syntrus Achmea Real Estate & Finance. The company administered investment funds and offered mortgage products at the time. According to the AFM investigation, Syntrus Achmea did not promptly notify the Financial Intelligence Unit (FIU) of 11 suspicious transactions as required by Dutch law.

The governmental agency in charge of investigating transactions that might be connected to money laundering or other illegal behavior is the Federal Investigation Unit. The business did not do sufficient continuous due diligence on the highlighted transactions and the clients involved, in addition to the late reporting. Additionally, investigators discovered that there were red flags for money laundering risks, like mortgage fraud, in certain cases.

In order to fully comply with anti-money laundering requirements, Achmea Real Estate has started an improvement plan, according to the AFM. The real estate section still manages properties for pension funds and other institutional investors, even though it is no longer active in the mortgage industry. Achmea split out its mortgage and real estate divisions in 2024. Achmea Real Estate accepted the fines and admitted to the infractions. Consequently, the initial penalty of one million euros each was lowered to eight hundred fifty thousand euros each.

In a written statement, Achmea acknowledged the violations and expressed regret, stating that the errors were unacceptable and did not reflect the company's values or professional standards. The company also noted that its procedures for transaction reporting and client due diligence are now fully compliant with legal requirements.