On 27 August 2020, the Autoriteit Financiële Markten (AFM) published the September annual Wwft questionnaire for investment institutions.
21 Sep 2020
In the first week of September, investment institutions and their managers receive a request from the AFM to complete a questionnaire with questions about the risks of money laundering, terrorist financing and compliance with sanctions regulations.
As a reminder, the AFM's supervision is risk-based. This means that the AFM uses information supplied to draw up risk profiles for the various (managers of the) investment institutions. The questionnaire must be completed every year.
This article was originally published in the August edition of REGWATCH. Read the full edition covering the following jurisdictions:
- European Union
- Hong Kong
- United Kingdom