DNB license

GlobalForwardTrust has a license from DNB (Dutch National Bank) to perform trust services. This ensures that the trust services meets the highest quality standards.

The Dutch Trust Offices Supervision Act (WTT) is in effect since 2004. This act stipulates that it is prohibited in the Netherlands to perform trust services without a license from DNB.

The license entails that our office is subject to the continuous supervision of compliance with the standards of the WTT. In supervising the compliance with the standards of the WTT, DNB does not just evaluate the quality management systems of trust offices, but also verifies the functioning of these systems. In that context, audit files are retrieved and subjected to further inspection.