WWFT is the Dutch anti-money-laundering and counter-terrorist-financing law for obliged institutions and professionals.
What it means in Dutch business
WWFT turns client acceptance, UBO checks, transaction monitoring and unusual-transaction reporting into compliance evidence. For The Polder reader, the term is useful when it explains what must be checked in the Dutch file, who carries responsibility and how a public rule or signal reaches daily business decisions.
Why it matters
WWFT turns client acceptance, UBO checks, transaction monitoring and unusual-transaction reporting into compliance evidence.
Where readers see it
- client due diligence
- UBO checks
- transaction monitoring
- unusual transactions
- compliance files
In practice
- client due diligence
- UBO checks
- transaction monitoring
- unusual transactions
- compliance files
What to check
- Which duty, authority, client file, supplier file or reporting step uses WWFT.
- Who in the company owns the decision and evidence.
- Which document proves the company understood the risk before pressure arrived.
- Whether the control is operational or only written as policy.
Common mistake
WWFT is not solved by collecting an ID. The institution must explain the client, the risk and the decision.
The Polder reading
The Polder reads WWFT through Compliance: not as loose terminology, but as a way to connect client due diligence, UBO checks, transaction monitoring to the decision a company, adviser or public authority has to defend.
Related terms
- UBO
- KVK
- AP
Related Polder columns
- When Care Money Leaves the Care Route, Governance Must Answer
- Fewer Russian Firms, Harder Questions for Dutch Deals
- Online Fraud Pushes Trust Back to the Transaction Desk
Last updated by The Polder Dictionary on 2026-06-07T16:12:35+00:00.