WWFT advice

The Act on the Prevention of Money Laundering and of Terrorist Financing (WWFT) has been in force since 1 August 2008. The WWFT poses various requirements in areas including client research and handling unusual transactions. This act applies not only to financial organizations large and small, but also to legal professionals and tax consultants, to name a few.

The experts at Philip Sidney have been active as regulators for precursors of the WWFT: the Financial Services Identification Act (WID) and the Disclosure of Unusual Transactions Act (MOT). They have also been involved in the creation of the WWFT and have published extensively on this subject.

Philip Sidney is the party of choice when it comes to training and compliance support with regard to the prevention of money laundering and terrorist financing, including the WWFT. We can also provide you with advice on the international application of preventive money laundering regulations, and can analyze the effectiveness of your preventive measures against money laundering. Contact us and find out what we can do for your business.

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