WWFT

Act on the Prevention of Money Laundering and Financing of Terrorism (Wwft)

Under the Act on the Prevention of Money Laundering and Financing of Terrorism (Wwft), AAme is required in certain matters to report unusual transactions as meant in that Act to the Financial Intelligence Unit (FIU-Netherlands).

Based on the Wwft, AAme is only authorised to start or to continue the activities in given cases after the identification and verification procedure with regard to the customer, or at least the client, and possible final stakeholders described in that Act has been concluded.

AAme will never be liable for damage the Client has suffered, suffers or will suffer because of or in connection with a notification in the context of the Wwft, even if that notification was not justified, except in the case of intent, gross negligence or deliberate recklessness on the part of AAme.

Client indemnifies AAme against claims by third parties who state to have suffered damages because of a notification made in the context of the Wwft related to the assignment concerned, even if that notification was not justified, except in the case of intent, gross negligence or deliberate recklessness on the part of AAme