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Wwft

The Wwft requires financial service providers to identify clients and check the origin of funds.

The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act. Mortgage advisers and lenders must identify clients and may ask questions about the origin of savings, gifts or other own funds. This is not a sign of distrust; it is part of the legal due diligence process in the Netherlands.

Useful link:

Category:

Regulations & Advice

Tags:

regelgeving, compliance, identificatie

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