Identification and unusual transactions

KronenbergLegal is required to identify its clients and their ultimate beneficiaries in advance on the basis of valid legitimation documents on the basis of the Act on the avoidance of money laundering and the financing of terrorist organizations (Wet ter voorkoming van witwassen en financiering van terrorisme, “Wfft“). Consequently, Kronenberglegal will request its clients for copies of the relevant identification documents.

In addition, Kronenberglegal is required to report (proposed) unusual transactions to the Financial Intelligence Unit Nederland on the basis of the Wfft. In most cases, Kronenberglegal is not allowed to inform clients about such reporting.

For more information, please go to: Financial Intelligence Unit Nederland