TMF Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Further customer-due-diligence fine
De Nederlandsche Bank imposed a €3.125 million fine after finding deficiencies in seven of eight investigated customer files.
2021
Unsuccessful appeal of regulatory ruling
TMF Group’s appeal against the Dutch regulatory ruling connected with the earlier due-diligence case was unsuccessful.
2018
De Nederlandsche Bank due-diligence fine
The Dutch central-bank supervisor fined TMF Group €594,000 for insufficient due diligence in the management of an entity involved in a US$850 million loan to Mozambican parties intended for a tuna-fishing project. The loan later became associated with Mozambique’s hidden-debt scandal after funds were embezzled or used by defense-related parties.