Wid/Mot

The Identification Provision of Services Act and the Law on Notification of Unusual Transactions

Several years ago rules aimed at preventing money-laundering were implemented in the Netherlands. Since 1 June 2003, these rules require lawyers, notaries and tax specialists to identify their clients before rendering any services to them. Once a client has been identified, it will not be necessary to repeat identification when commencing new services later on. This is why Van Doorne will ask you, before entering into any engagement, for proof of your identity. Moreover, Van Doorne is required to notify a central agency of any unusual transactions. For more detailed information on these subjects, please see the enclosed article. Obviously, you may also seek the advice of your contact at Van Doorne.