Day: October 7, 2005

Know Your Client Principle (KYC) Based on the recommendations of the Financial Action Task Force (FATF) and the Caribbean Financial Action Task Force (CFATF) on money laundering, the Netherlands Antilles have inter alia implemented two national ordinances: (i) the National Ordinance Reporting of Unusual Transactions 1996 (‘Landsverordening Melding Ongebruikelijke Transacties’); and (ii) the National Ordinance… Continue reading IDENTIFICATION OF PERSONS UNDER NETHERLANDS ANTILLES LAW