A UBO (Ultimate Beneficial Owner) is the ultimate beneficial owner of a company. This is the person who: Owns more than 25% of the shares or voting rights Or has…
Read More
The WWFT requires Flexado to collect customer data for identification and risk assessment. The AVG protects personal data and sets rules for how that data is processed. These laws complement…
Read More
Domiciliation involves a customer using a business mailing or enrollment address with an outside party - such as Flexado or one of its partners. This means that the customer is…
Read More
The WWFT (Wet ter voorkoming van witwassen en financiering van terrorisme) is a Dutch law that requires organizations to take measures against financial-economic crime. Consider: Laundering of criminal money Financing…
Read More
No, the entire compliance process is handled centrally by Flexado. You don't have to request or review any documents yourself. You can rely on the fact that a customer only…
Read More
Recurring compliance (also known as periodic reassessment) means that Flexado reassesses existing clients at regular intervals to verify that their situation still meets AML (WWFT) requirements. For example, at: Expired…
Read More
As a partner, you have access to your own clients' compliance documents within the Flexado platform. Keep in mind that this data contains sensitive personal data, such as identity documents…
Read More
When a company in formation (i.o.) is notified, Flexado already accepts the application under conditions. The client can then already start the onboarding process, but: Company-related documents, such as the…
Read More
As a partner, Flexado allows you to indicate that you have your own additional compliance requirements or wishes. Consider: Additional documentation you deem necessary based on internal procedures Restrictions around…
Read More
In principle, yes, but clients from countries on the EU or Financial Action Task Force (FATF) sanctions list, or whose source of funds is not sufficiently clear, may be refused…
Read More
