Sanctions Act 1977 background
Investment firms, managers of investment funds (AIFM/UCITS), and providers of crypto asset services (CASPs) must implement measures in their administrative organisation and internal control to comply with sanctions regulations, including the Sanctions Act 1977. They must also immediately report to the AFM when they deal with a relationship that corresponds to a (legal) person or entity as referred to in the sanctions regulations.
For more information on the application of, and supervision on compliance with, the Sanctions Act 1977, reference is made to the webpage 'Sanctiewet 1977'.