Anti-money laundering (AML) comprises processes for recognising and limiting misuse for money laundering. In the Netherlands, the Wwft connects customer due diligence with that aim for specified activities and situations. Applicable criteria differ by occupational group; not every online purchase automatically requires the same investigation.[1]
First establish the obligations relevant to your activity. A payment partner requesting business information plays a different role from the merchant assessing an order. Focus on the relevant risk and legal basis rather than collecting as much personal information as possible. An unusual payment warrants assessment, not an automatic criminal allegation.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.