In this way they can ensure that the transactions conducted correspond to the knowledge they have of customers and their risk profiles, where necessary investigating the origin of the funds used in the relevant business relationships or transactions. They must report any unusual transactions to the Financial Intelligence Unit (FIU-NL; see under “Reporting duty”).
- Relevant for:
- 12 november 2019
Institutions governed by the Wwft are required to monitor on an ongoing basis their business relationships and the transactions conducted or intended during the existence of those relationships.
- Related topics
- Publication of registration forms for crypto service providers and information on one-off charges related to applications for registration and fit and proper assessments
- Registration form and notes to the form
- Implementation act does not enter into force on 10 January 2020
- NHG amends terms and conditions, prudential treatment of NHG-backed mortgage loans