Notaries in the Netherlands are mandated by law to perform client due diligence (CDD) to prevent financial crimes such as money laundering and terrorism financing. This process is essential to ensuring that notaries do not unknowingly facilitate illegal activities.

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During the CDD process, notaries must verify the identity of their clients and collect information about their business relationships and transactions. This information is used to assess the potential risks involved and determine the appropriate level of due diligence required.

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By performing CDD, notaries can help maintain the integrity of the legal system and prevent financial crimes. Clients can help support this effort by cooperating with the notary and providing accurate and complete information.

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To assist them in performing CDD, notaries use Paolo KYC. This automated tool helps clients onboard in a fast, easy, and safe way, allowing notaries to comply with legal CDD requirements. Clients provide their details, which enables the notary to check and verify their identity and comply with the necessary regulations.

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By using Paolo KYC, notaries can streamline the CDD process, ensuring that it is efficient and effective. Clients can rest assured that their information is being handled securely and confidentially, and that they are contributing to the prevention of financial crimes.

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