As a financial institution and Dutch branch of flatexDEGIRO Bank AG, regulated by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, “AFM”), we are legally obliged to comply with the requirements of the Act on Prevention of Money Laundering and Financing of Terrorism (Wet ter voorkoming van witwassen en financieren van terrorisme, "Wwft").
Among other things, this law requires us to conduct regular enquiries about the origin/source of funds and (tax) residencies of clients as part of our due diligence obligations. In order to meet these obligations, we may need specific information concerning your source of funds/wealth.
We understand that these kinds of inquiries might be inconvenient and uncomfortable. Therefore, we are happy to help you with completing them as soon as possible and appreciate your cooperation.