Glossary
To help navigate this FAQ, here are key terms used throughout:
XXImo FS – XXImo Financial Services B.V.
DNB – De Nederlandsche Bank (Dutch Central Bank)
AFM – Authority for the Financial Markets (Dutch financial regulator)
AML/ATF – Anti-Money Laundering & Anti-Terrorist Financing regulations
Wwft – Dutch Anti-Money Laundering and Anti-Terrorist Financing Act
Wft – Dutch Financial Supervision Act
Sanctiewet 1977 – Dutch Sanctions Act
EMI – Electronic Money Institution (a licensed entity that issues digital payments, such as XXImo FS)
KYC – Know Your Customer (customer identity verification process)
KYB – Know Your Business (business entity verification process)
UBO – Ultimate Beneficial Owner (individuals who ultimately own or control a company)
We have been asked many questions before. We have listed these questions with the answers. Your question may also be listed.
Please contact our KYC/KYB team by filling in the contact form. We will come back to your question as soon as possible.