When is it allowed to take over the results of the client screening conducted by another service provider?

It may happen that a client is introduced to us by another service provider who has already conducted a client screening. Pursuant to the Wwft, we may only take over the results of that client screening if that client screening has been conducted by a:

  • lawyer or notary in the EU;
  • accountant or tax adviser in the EU;
  • Dutch trust office;
  • regulated financial institution (excluding a money transaction office (exchange institution)) in the EU.

Such a referring service provider must confirm to us that the client screening has been conducted in accordance with the Wwft. In addition, that service provider must provide us with all identification and verification details and other details about the client’s identity, any representative and any UBO. Under the privacy legislation, the referring service provider requires your explicit consent in this respect.

Once we have received all the information, we will check whether the client screening has been conducted in accordance with the Wwft and our office policy. If this is not the case, we are obliged to take additional measures ourselves.