Wwft definition

Wwft means the Dutch Act for the Prevention of Money Laundering and Financing of Terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme).
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Wwft means the Dutch Prevention of Money-Laundering and Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme)
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Wwft means the Dutch Money Laundering and Terrorist Financing (Prevention) Act (Wet ter voorkoming van witwassen en financieren van terrorisme), as amended from time to time.
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Examples of Wwft in a sentence

  • The basis 'to comply with a legal obligation' applies, for example, to the financial and salary administration and the duty to cooperate with tax audits as well as verifying the identity of clients within the framework of the Money Laundering and Terrorist Financing (Prevention) Act (Wwft).

  • The Processing is done according to Your written instructions, unless We are required by law to act otherwise (e.g., when considering whether a certain “unusual transaction” ought to be disclosed in the context of the Dutch Money Laundering and Terrorist Financing (Prevention) Act (Wet ter voorkoming van witwassen en financieren van terrorisme, Wwft)).

  • This obligation does not apply to the extent that the Contractor has a statutory or professional obligation to disclose, including the obligation to report arising from the Money Laundering and Terrorist Financing (Prevention) Act (Wwft) and other national or international regulations with a similar scope, or to the extent that the Client has released the Contractor from the duty of confidentiality.

  • Processing will be performed on Your written instructions, unless We are required to act otherwise pursuant to laws or regulations (for example when weighing whether or not an “unusual transaction” is to be reported in the context of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft)).

  • The Client acknowledges, on the basis of the Act on Prevention of Money Laundering and Financing of Terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft) the Contractor: May be required to conduct an investigation into the identity of the Client and/or the customer.

  • In the event of the applicability of the Wwft, 216 is obliged under the Wwft to report a completed or intended unusual transaction, where this is observed within the scope of its regular activities, to the Financial Intelligence Unit (FIU-Nederland).

  • In case of the applicability of the Prevention of Money Laundering and Financing of Terrorism Act (Dutch Wwft), 216 shall be obliged under the Wwft to conduct client investigations in respect of a potential client.

  • The Client acknowledges, on the basis of the Act on Prevention of Money Laundering and Financing of Terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft) that Amstone: - is obliged to conduct an investigation into the identity of the Client and/or the customer of the Client; - is obliged to report certain transactions to the authorities appointed by the government for that purpose.

  • This obligation does not apply insofar as the Contractor has a legal or professional obligation to disclose, including the obligations arising from the Wwft and other national or international regulations with similar scope, or insofar as the Client has relieved the Contractor of the obligation of confidentiality.

  • The Processing will take place as per Your written instructions, unless We are obliged to act differently based on laws or regulations (for example, when considering whether an "unusual transaction" must be reported in the context of the Money Laundering and Terrorist Financing (Prevention) Act (Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft)).


More Definitions of Wwft

Wwft means the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme).
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Related to Wwft

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