What is the WWFT?

The Prevention of Money Laundering and Financing of Terrorism Act (WWFT) describes the regulations that organizations must comply with to prevent the laundering of criminal money. The WWFT applies to anyone dealing with money flows, such as banks, notaries, but also so-called domiciliary providers (postal address providers). These organizations have a legal gatekeeper function. They have to check companies and persons who (want to) use their services (clients) by means of a number of checks whether there is no possible or plausible non-legal activity. If, in the judgment of the organization, this is likely, these "customers" must be barred. In addition, they have a reporting obligation. Even if notable transactions or activities are found with already existing clients.

Postadres.nl and the WWFT

As a domiciliary provider (address provider), we are also subject to the WWFT. We are required by law to carry out a number of checks before we can finally accept a client. This is why we ask for some additional information in the application process. Only in this way may we offer you our services and start handling your business mail. If we do not receive these details or cannot check them for accuracy we may not accept you as a customer.

Asking for all these details may seem a bit unsympathetic, but this regulation applies to all domiciliary providers. In fact, if other address providers do not ask for this data, you should already be wary. On the other hand, it is also reassuring that with us, you have a partner who has had compliance in high regard for 30 years and thus also meets the WWFT obligations.

You can read about how we handle this gatekeeper function in our General Terms and Conditions (Art. 9).

Look here for more government information on the WWFT: https://www.rijksoverheid.nl/onderwerpen/financiele-sector/aanpak-witwassen-en-financiering-terrorisme