All regulations / EU Crypto and payments
AML / Wwft
Know the rule before it knows you.
Know your customer, monitor transactions, report the unusual.
What it is
The Wwft implements EU anti-money-laundering law for banks, payment and crypto providers, trust offices, accountants, lawyers, notaries, real-estate agents and traders in high-value goods. The new EU AML Regulation will apply directly from July 2027, with a new EU authority (AMLA) supervising the riskiest cross-border entities.
This applies to you if
- You are a financial, payment, crypto, trust or professional-services provider
- You accept large cash payments or trade in high-value goods
- You onboard customers for a regulated client and must meet their KYC standards
What it asks of you
- Risk-based customer due diligence, including beneficial owners and politically exposed persons
- Ongoing transaction monitoring and sanctions screening
- Reporting of unusual transactions to FIU-Nederland
- Record keeping, training and an appointed compliance function
What it costs to ignore
Fines up to EUR 5 million or 10% of turnover, licence consequences, and criminal liability for serious failures.
Key dates
Wwft in force since 2008 and amended repeatedly; the EU AML Regulation applies from 10 July 2027.
How we help
Not sure which apply to you? Send us three lines about what you sell and to whom, and we will tell you which rules matter and which do not.
Have a regulatory question?
Send a short description of your situation. We reply within one working day, usually with a view on scope and a fixed fee where possible.