Identification of clients
The methods and techniques to launder money are constantly changing. The Financial Action Task Force on Money Laundering (FATF) often finds new forms of money laundering such as the use of legal entities to conceal illegal proceeds.
The FATF requires all countries to take necessary measures in order to bring their legislation in compliance with the FATF recommendations.
The current provisions of the National Ordinance Reporting Unusual Transactions (NORUT) is designed to accommodate this requirement. In addition, the National Ordinance Identification when Rendering Services (NOIS) requires professionals rendering financial services to sufficiently establish and determine the identity of the client and the ultimate beneficial owner. This obligation applies not only to civil-law notaries, but also to lawyers, real estate brokers, banks and other professionals providing financial services.
In accordance with the FATF guidelines, the NORUT and the NOIS, we have the obligation to identify the client and the ultimate beneficial owner and to verify the identity using reliable and independent sources, prior to rendering our services.
Please contact your (candidate) civil-law notary first to verify which identification documents are required in your specific case.
The FATF requires all countries to take necessary measures in order to bring their legislation in compliance with the FATF recommendations.
The current provisions of the National Ordinance Reporting Unusual Transactions (NORUT) is designed to accommodate this requirement. In addition, the National Ordinance Identification when Rendering Services (NOIS) requires professionals rendering financial services to sufficiently establish and determine the identity of the client and the ultimate beneficial owner. This obligation applies not only to civil-law notaries, but also to lawyers, real estate brokers, banks and other professionals providing financial services.
In accordance with the FATF guidelines, the NORUT and the NOIS, we have the obligation to identify the client and the ultimate beneficial owner and to verify the identity using reliable and independent sources, prior to rendering our services.
Please contact your (candidate) civil-law notary first to verify which identification documents are required in your specific case.