Compliance

As a brokerage firm, we are committed to compliance, particularly with respect to compliance with the Money Laundering Prevention (AML) and Identification of Our Clients (KYC) guidelines, also known as Models Legal Identification (MOD/WID). Our approach includes:

Strict compliance with AML/KYC guidelines.

We ensure that all of our activities and transactions comply with applicable laws and regulations regarding the prevention of money laundering and customer identification. This includes performing the required due diligence procedures to establish the identity of our customers and minimize any risks of money laundering or terrorist financing.

Thorough customer identification

When establishing a business relationship with a new customer, we perform thorough identification procedures to establish and verify the customer’s identity. This includes collecting identification documents and performing checks to ensure that the information provided is reliable.

Monitoring of transactions

We monitor all transactions conducted through our office and regularly check for suspicious activity that may indicate money laundering or other criminal activity. If necessary, we take action and report suspicious transactions to the relevant authorities.

Training and awareness

We ensure that all our employees are aware of AML/KYC guidelines and receive regular training to keep their knowledge up-to-date. We encourage a culture of compliance within our office and encourage employees to report suspicious activity and ask questions if they have any doubts.

Cooperation with authorities

We work closely with relevant authorities and agencies to ensure that we comply with all AML/KYC legal requirements. We are open to audits and inspections and actively work with authorities to address any concerns or issues.

Reporting requirement

Our reporting obligation to the Financial Intelligence Unit (FIU) includes reporting suspicious transactions that may indicate money laundering or terrorist financing. In doing so, we analyze transactions under Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent and detect financial crime. The FIU assesses these reports and, if necessary, takes further action, such as sharing information with relevant authorities or launching an investigation.

Retention obligation

As a real estate agency, we are required to retain important documents and records for 7 years. This includes sales and rental contracts, customer correspondence, appraisal reports and financial transaction records. By complying with this retention requirement, we ensure that we comply with applicable laws and regulations and protect the interests of our firm and our clients.

Customer file

As a broker, we carefully build our client file, taking into account important aspects such as the client’s name, address and residence (NAW), the brokerage agreement that establishes the arrangements between us and the client, and the source of funds used in the transaction. Collecting and documenting this data allows us to comply with legal requirements and provide transparency in our business relationships.

By taking this approach, we strive to ensure the integrity of our firm and provide a safe and secure environment for our clients and business partners. We are committed to complying with all AML/KYC laws and regulations and are committed to the highest standards of ethics and compliance.

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