In addition to the mandatory identification obligation of notaries, we must also establish whether you are a politically exposed person (PEP).
who is a politically exposed person (PEP)?
This is a person who holds or has held in the past 12 months one of the following positions in the Netherlands or abroad:
family members of PEP
The following family members of a politically exposed person also qualify as PEP:
close business relationship with PEP
If you have a close business relationship with (a legal entity on behalf of) a politically exposed person, you are also considered a PEP.
why is this required?
Politically exposed persons hold positions in which they are particularly susceptible to corruption. As civil law notaries, we are therefore required by law to enquire whether a client is a politically exposed person. If so, increased monitoring is required. This obligation for the civil law notary stems from the Prevention of Money Laundering and Financing of Terrorism Act (“Wet ter voorkoming van witwassen en financieren van terrorisme”).