Client acceptance

Over the years, authorities have been focusing more and more on the importance of customer due diligence. As a result many financial service providers have incorporated 'Know Your Client' procedures in their day-to-day business.

As a corporate service provider, we are obligated by law to gather and keep information about the identity of the client, its UBO(s) as well the group structure. In addition, we will need to have a clear understanding of the funds that will flow through the client company.

The purpose of this procedure is to avoid the misuse of structures in terms of money laundering and terrorist financing.

Obviously, the information we collect in this process will be kept highly confidential.

Since ‘Know Your Client’ is an ongoing process, we will need to update our client acceptance files on a regular basis.