Banks are required to conduct ongoing investigations within the framework of the anti-money laundering legislation (Wwft). This means that they not only have to identify their client (and the UBO), but also have to monitor whether there is a risk of moneyflows originating from any crime. The bank thus acts as a gatekeeper to keep criminal money out of the financial system. Should the bank notice anything unusual, it must be reported as an unusual transaction to the Financial Intelligence Unit (FIU). Not rarely, the banks’ integrity risk policy and the assessment of (tax) integrity risks leads to (impending) closure of bank accounts and impose an excessive burden on accountholders. Liance assists clients of these institutions to provide the institution with the correct information quickly and efficiently and mediates and litigates if necessary.
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