More information about the law and your privacy

The AML stands for Money Laundering and Terrorist Financing (Prevention) Act. Quite a mouthful and a very serious tone… And it is. This law is far-reaching and obliges us to carry out all kinds of checks. More information about the AML can be found on this page.

The government strictly monitors compliance with this law. If something is incorrect, for example because someone is making improper use of an address, the fines are enormous. This forces us to check very strictly and to act decisively when something is not right. For example, does the name on your ID document not completely match what you entered in the portal? Then there is a good chance that it will be rejected.

Privacy

But what about your privacy…?
A very good question, which we can well imagine. Fortunately, this is also well regulated, including through the GDPR, or the General Data Protection Regulation. Companies and public authorities must adhere to strict rules when processing personal data.

But PriPost goes further, because privacy is one of our lifelines. Many customers choose PriPost precisely because they want privacy. We will never share data with third parties, only when required to do so by law. As an example, we do not allow external parties in the portal, such as Google Analytics.

Another important point is that our portal is very well secured. Among other things, because all personal data is stored encrypted. And we have the portal continuously tested for any security risks, through a ‘responsible disclosure’ program.

What we need:

ID check

In order to comply with the AML, PriPost must carry out a ‘Know your customer survey’. For private customers, in the vast majority of cases, this only means an ID check. In exceptional cases, we may need to ask some additional questions.

To make the ID check easy, fast and, above all, safe, we have developed a special app: the PriCompliance app.

1) To get started, first download the app from the App store or Google Play store:

2) Next, log in using the same username/password as the portal.

3) Enter the verification code you received by email

4) Follow the instructions in the app

PriCompliance

UBO-statement

For business customers, the research goes a step further; In addition to an ID check from the company’s authorised signatory, in most cases we also need a UBO statement. This is used to map out who the ultimate beneficial owner of the company is/are.

Please note: Are there more UBOs who have an interest that is greater than or equal to 25%?
Then we will also have to carry out a ‘Know your customer survey’ for those people.

Extract from the Chamber of Commerce

If we are unable to request an extract from the Chamber of Commerce ourselves, we will ask you to provide it. This is the case, for example, with foreign entities. The extract may not be more than 6 months old.
If another company is listed as a director of the company, we must also receive the extract from that company. This will continue until we can conclude that you are authorised to sign for the company for which you are making the application.

Proof of home address

Proof of home address is required for some services. This can be offered via one of the following options:

  • Bill from a utility company (gas, water, electricity)
  • Bill from a telecom, internet, or television provider
  • Proof of registration in the Municipal Personal Records Database
  • Account of municipal taxes
  • Letter from the Tax and Customs Administration
  • Bank statement (all irrelevant data may be redacted)