Know your client services in the Netherlands

The effects of global terrorism and large-scale fraud and money laundering have fuelled a high degree of uncertainty and instability in our business environment. Stringent laws relating to Anti-Money Laundering (AML) and anti-terrorism imposed by governments globally have forced businesses to take a hard look at their operations and the relationships that they foster in order to proactively manage their risk exposure.

As well as costly litigation, large fines and lawful punishments, successful money launderers may also cause incalculable damage to corporate and professional reputations.

As a result, "Know Your Client" standards have developed globally, even becoming a legal requirement in some jurisdictions.

The "Know" implies that a business will carry out due diligence on a client to verify that they are who they say they are and to prevent theft, fraud, money laundering and terrorist financing.

In the face of these risks, it is essential that you adopt a long-term vision in order to proactively respond and achieve a real competitive advantage. Taking this strategic approach will ensure you are able to successfully manage your reputational risk, build healthier customer relationships and maximise your long term business potential.

Our services in the Netherlands include:

  • Customer due diligence and identification/KYC requirements and screening
  • Registration and maintenance of identification/KYC and due diligence documents
  • Reporting
  • Periodical reassessment and updating of information

Contact us to find out more.

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