Client Identification

Depending on the nature of the Services to be provided by VAN LEEUWEN LAW FIRM to the Client, VAN LEEUWEN LAW FIRM may be bound to strict observance of the legislation and Bar regulations on anti-money laundering and the financing of terrorism. In such case, VAN LEEUWEN LAW FIRM is primarily subject to identification and due diligence requirements towards the Client. To this end, VAN LEEUWEN LAW FIRM is obliged to retain information relating to the identification, the characteristics of the Client and the purpose and nature of the transaction for a period of 10 years. As part of this process, VAN LEEUWEN LAW FIRM may proceed to carry out verifications with the aid of external electronic databases. The Client acknowledges to be aware of the extensive identification requirements imposed by the applicable preventive anti-money laundering legislation and accepts that the corresponding costs and fees will be charged.

This procedure requires the Client’s cooperation and obliges Clients operating under the form of a legal entity or any other legal arrangement to inform VAN LEEUWEN LAW FIRM as to the identity of the ultimate beneficiary behind such legal construct. The Client undertakes to notify VAN LEEUWEN LAW FIRM of any change that may affect his or her status. The Client also undertakes to provide the information required by VAN LEEUWEN LAW FIRM upon first request. If the Client is a politically exposed person, (s)he agrees to spontaneously inform VAN LEEUWEN LAW FIRM of this fact. Should the Client refuse to provide certain information following a request to this effect, VAN LEEUWEN LAW FIRM will not be able to enter into a business relationship and, if VAN LEEUWEN LAW FIRM has already acted provisionally, will have to terminate any further intervention. Moreover, the anti-money laundering legislation in certain instances obliges VAN LEEUWEN LAW FIRM to report possible suspicions of the Client’s involvement in money laundering activities or the financing of terrorism to the Chairman of the competent Bar Association, without notifying the Client of this reporting. VAN LEEUWEN LAW FIRM cannot be held liable vis-à-vis the Client for the potential repercussions of any such report made in good faith.

Previous Story

General Terms and Conditions

Next Story

Alert for small business owners needing PPP loans

Latest from Legal and Privacy

General Terms and Conditions

§1. Definitions §1.1.  VAN LEEUWEN LAW FIRM (I.L.A.C. ADVOCATUUR EN CONSULTANCY B.V.): a private limited liability company…

Register of legal areas

The following attorney has registered in the Registry of Legal Specializations of the Dutch Bar Association…

Legal Information

VAN LEEUWEN LAW FIRMParijsboulevard 2093541 CS Utrecht-CityThe Netherlands Telephone +31 (0) 85 06 07 520Fax +31…