Customer and Transaction due diligence

Running a company involves taking risks — preferably calculated risks. If you perform or finance trade transactions, you must take into account various risk factors, such as international differences and regulations that constantly change.

We can help you by performing a critical and realistic evaluation of your risk profile. For instance, we can bring you up to speed in the world of permits or provide you with insight into the entities you do business with. We can train your staff to analyze relevant regulations and their implications. Clever anticipation will allow you to mitigate or even eliminate risks.

• customer and goods due diligence: do you have clear insight into the identity of your customers and the type of goods you trade in?
• permit requirements for your trade transactions;
• the selection of the right payment structure, so you can receive payment.

Needless to say, we will also gladly provide you with assistance in case of highly complex transactions. Click here for more information on obtaining permits for complex transactions.

• Financial Supervision Act (WFT) and other regulations;
• Act on the Prevention of Money Laundering and of Terrorist Financing (WWFT) and other regulations;
• Supervision of Trust Offices Act (WTT) and other regulations;
• International regulations and legislation, including EAA, EAR, AECA, ITAR, IEEPA, OFAC, USA PATRIOT ACT and FCPA.

Peter Steenwijk,
Director Business Development / Project management
M: + 31 (0)6 136 11 671
E: peter.steenwijk@philip-sidney.com