BFSI insights

Identification requirements at financial enterprises - Dutch Data Protection Authority guidance

Published 9 Apr 2025 ยท autoriteitpersoonsgegevens.nl
autoriteitpersoonsgegevens.nl preview

Dutch financial enterprises must verify customer identity using unedited ID copies (passport, ID card, driving licence) without watermarks or blackouts to enable authenticity checks. Remote identification requires photo/video selfies for biometric verification. Re-identification permitted for existing customers. Documents retained 5 years post-relationship under Money Laundering and Terrorist Financing Prevention Act. Third-party processors allowed with proper data agreements.

functional_specialist eu banking banking-payments regulatory