More intensive Wwft compliance monitoring

The Bureau Toezicht Wwft (Office for the Supervision of the AML/CTF Act) will intensify the monitoring of compliance with the Wwft (Money Laundering and Terrorist Financing (Prevention) Act). This regulation has existed since 2008, but with the strong emergence of domicile providers, such as address service providers, and the increased risk that companies or individuals with malicious intentions will use them, intensification is necessary.

The use of an address service, without thorough prior checks, can become a front for criminal activities, such as fraudulent webshops, money laundering practices, drug dealers, or fraudsters.

Domicile providers have a statutory gatekeeper function. They must filter out and exclude these types of companies and individuals through a series of checks. In addition, they have a reporting obligation, even if remarkable transactions or activities are observed among existing clients.

We welcome these checks. There are too many "cowboys" who think they can make a quick buck with dirt-cheap rates and without any verification of client legitimacy, not to mention the quality they deliver.

Postadres.nl therefore fully supports the increasingly vocal call for a registration obligation for domicile providers. This will lead to the disappearance of malicious or unreliable domicile providers.

Postadres.nl has placed a high priority on compliance for 30 years. We therefore comply with the Wwft obligations. This is not only reassuring for us but also for our clients.

For more government information about the AML/CTF Act: https://www.rijksoverheid.nl/onderwerpen/financiele-sector/aanpak-witwassen-en-financiering-terrorisme

In our General Terms and Conditions (art. 9), you can read how we handle this gatekeeper function.