{"id":17879,"date":"2026-10-11T01:36:12","date_gmt":"2026-10-10T23:36:12","guid":{"rendered":"https:\/\/paucitas.com\/?page_id=17879"},"modified":"2026-10-14T05:52:31","modified_gmt":"2026-10-14T03:52:31","slug":"wwft","status":"publish","type":"page","link":"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/wwft\/","title":{"rendered":"Wwft"},"content":{"rendered":"<style>.pterm{max-width:880px;margin:0 auto;font-family:inherit;padding-top:30px;}.pterm-hero{background:linear-gradient(135deg,#1a1a2e,#2d2d4a);border-radius:18px;padding:30px 34px;margin-bottom:28px;display:flex;align-items:center;gap:18px;flex-wrap:wrap;}.pterm-hero .ph-ico{width:56px;height:56px;border-radius:13px;background:rgba(245,135,31,.16);display:flex;align-items:center;justify-content:center;flex-shrink:0;}.pterm-hero h1{color:#fff;font-size:1.9em;margin:0;line-height:1.2;}.pterm-block{margin-bottom:24px;}.pterm-block h2{color:#1a1a2e;font-size:1.25em;margin:0 0 10px;}.pterm-def{background:#fff;border-left:4px solid #f5871f;border-radius:0 12px 12px 0;padding:18px 22px;color:#444;line-height:1.7;box-shadow:0 2px 10px rgba(0,0,0,.04);}.pterm-p{color:#444;line-height:1.7;margin:0 0 14px;}.pterm-ex{background:#fff7ef;border-radius:12px;padding:18px 22px;color:#5a4630;line-height:1.7;}.pterm-ex .lbl{display:inline-block;font-size:.72em;font-weight:700;letter-spacing:.08em;text-transform:uppercase;color:#f5871f;margin-bottom:6px;}.pterm-see{background:#fff;border:1px solid #eee;border-radius:12px;padding:16px 20px;margin-top:30px;}.pterm-see .lbl{font-weight:700;color:#1a1a2e;margin-bottom:6px;display:block;}.pterm-see a{color:#f5871f;text-decoration:none;font-weight:600;}.pterm a{color:#f5871f;font-weight:600;}<\/style>\n<p><a class=\"pterm-back\" style=\"display: inline-flex; align-items: center; gap: 8px; margin: 0 0 18px; padding: 9px 16px; background: #fff7ee; border: 1px solid #f3d9b8; border-radius: 999px; color: #e08a1e; font-weight: 600; text-decoration: none;\" href=\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/\"><span style=\"font-size: 18px; line-height: 1;\">\u2190<\/span>Back to Crypto assets and origin<\/a><\/p>\n<div class=\"pterm\">\n<div class=\"pterm-hero\">\n<div class=\"ph-ico\"><\/div>\n<h1>Wwft<\/h1>\n<\/div>\n<div class=\"pterm-block\">\n<h2>In short<\/h2>\n<div class=\"pterm-def\">The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme).<\/div>\n<\/div>\n<div class=\"pterm-block\">\n<h2>What does this mean if you hold crypto?<\/h2>\n<p class=\"pterm-p\">Under this act, banks, notaries, accountants, tax advisers, estate agents, crypto service providers and other institutions must know their clients, check the origin of money and report unusual transactions to FIU-Nederland. In the UK, the comparable rules are the <a href=\"https:\/\/www.legislation.gov.uk\/uksi\/2017\/692\/contents\" target=\"_blank\" rel=\"noopener\">Money Laundering Regulations 2017<\/a> and the <a href=\"https:\/\/www.legislation.gov.uk\/ukpga\/2002\/29\/contents\" target=\"_blank\" rel=\"noopener\">Proceeds of Crime Act 2002<\/a>, under which suspicious activity is reported to the National Crime Agency.<\/p>\n<p class=\"pterm-p\">If you have sold crypto and want to move the money to a bank account, or are buying a home with money from crypto, the bank or conveyancing solicitor can ask where that money comes from: in the Netherlands under the Wwft, in the UK under the Money Laundering Regulations 2017. That is not an accusation but a legal duty. If you cannot show the origin properly, the institution may decline to carry out the transaction.<\/p>\n<\/div>\n<div class=\"pterm-block\">\n<div class=\"pterm-ex\">\n<span class=\"lbl\">Practical example<\/span><\/p>\n<div>Someone sells bitcoin bought years ago and wants to use the proceeds to buy a home. The conveyancing solicitor asks for substantiation of the origin. With an overview of the purchase, the wallets and the sale, linked to the blockchain, the route from money to crypto and back can be followed.<\/div>\n<\/div>\n<\/div>\n<div class=\"pterm-block\">\n<h2>More about Wwft<\/h2>\n<details style=\"margin:0 0 10px;border:1px solid #e6d9c8;border-radius:8px;padding:12px 16px;background:#fffaf4\">\n<summary style=\"cursor:pointer;font-weight:600\">What is the Wwft?<\/summary>\n<p class=\"pterm-p\">The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act. Among other things, the act requires banks, notaries, accountants and crypto service providers to carry out customer due diligence, check the origin of money and report unusual transactions to FIU-Nederland. The UK has its own rules: the Money Laundering Regulations 2017, with suspicious activity reported to the UK Financial Intelligence Unit at the National Crime Agency.<\/p>\n<\/details>\n<details style=\"margin:0 0 10px;border:1px solid #e6d9c8;border-radius:8px;padding:12px 16px;background:#fffaf4\">\n<summary style=\"cursor:pointer;font-weight:600\">Why does my bank ask about the origin of my crypto?<\/summary>\n<p class=\"pterm-p\">Under the Wwft in the Netherlands, and the Money Laundering Regulations 2017 in the UK, your bank must know where money comes from, especially with larger amounts or money from crypto. The bank then asks for documents showing how you acquired and sold the crypto. That is a legal duty of the bank, not a judgement about you.<\/p>\n<\/details>\n<details style=\"margin:0 0 10px;border:1px solid #e6d9c8;border-radius:8px;padding:12px 16px;background:#fffaf4\">\n<summary style=\"cursor:pointer;font-weight:600\">Do crypto service providers fall under the Wwft?<\/summary>\n<p class=\"pterm-p\">Yes. Providers of crypto services in the Netherlands must identify their clients, carry out customer due diligence and report unusual transactions. In the UK, cryptoasset exchange providers and custodian wallet providers fall under the Money Laundering Regulations 2017 and must be registered with the FCA.<\/p>\n<\/details>\n<details style=\"margin:0 0 10px;border:1px solid #e6d9c8;border-radius:8px;padding:12px 16px;background:#fffaf4\">\n<summary style=\"cursor:pointer;font-weight:600\">How does Paucitas help with a Wwft question about crypto?<\/summary>\n<p class=\"pterm-p\">Paucitas links your crypto assets to the blockchain and to your own documents, such as statements from exchanges and bank accounts. This produces a report that shows step by step where the money comes from, in plain language, so that the bank or solicitor can assess it. Paucitas does not give legal or tax advice.<\/p>\n<\/details>\n<\/div>\n<div class=\"pterm-block\">\n<div class=\"pterm-src\" style=\"background: #f4f6fb; border-radius: 12px; padding: 18px 22px; color: #3a4152; line-height: 1.7;\"><span class=\"lbl\" style=\"display: inline-block; font-size: .72em; font-weight: bold; letter-spacing: .08em; text-transform: uppercase; color: #5a6b8c;\">Source<\/span><span style=\"display: block; margin-top: 8px;\">The legal basis for customer due diligence in the United Kingdom: <a href=\"https:\/\/www.legislation.gov.uk\/uksi\/2017\/692\/contents\" target=\"_blank\" rel=\"noopener\">The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017<\/a>.<\/span><\/div>\n<\/div>\n<div class=\"pterm-block\">\n<p class=\"pterm-p\">Would you like to know what this means for your own situation? Paucitas will look at it with you, free of obligation: ring us on <a href=\"tel:+31202445774\">+31 20 244 5774<\/a>, day or night, or <a href=\"https:\/\/paucitas.com\/en\/contact-us\/\">get in touch<\/a>.<\/p>\n<\/div>\n<div class=\"pterm-see\"><span class=\"lbl\">See also<\/span><\/p>\n<div><a href=\"https:\/\/paucitas.com\/en\/glossary\/technical-terms\/kyc-and-aml\/\">KYC and AML<\/a>, <a href=\"https:\/\/paucitas.com\/en\/glossary\/technical-terms\/money-laundering\/\">Money laundering<\/a>, <a href=\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/origin-of-assets\/\">Origin of assets<\/a>, <a href=\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/asset-verification\/\">Asset verification<\/a>.<\/div>\n<div><span class=\"lbl\">Related topic<\/span> <a href=\"https:\/\/paucitas.com\/en\/topics\/proving-the-origin-of-assets\/\">Proving source of funds<\/a><\/div>\n<\/div>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"DefinedTerm\",\"@id\":\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/wwft\/#term\",\"name\":\"Wwft\",\"alternateName\":[\"Dutch Anti-Money Laundering and Anti-Terrorist Financing Act\",\"Dutch AML act\",\"Wet ter voorkoming van witwassen en financieren van terrorisme\"],\"description\":\"The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme).\",\"inDefinedTermSet\":\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/#set\",\"url\":\"https:\/\/paucitas.com\/en\/glossary\/crypto-origin\/wwft\/\"},{\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Wwft?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act. 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border-left: 4px solid #F59024; border-radius: 10px; padding: 16px 20px; margin: 28px 0;\"><strong>Related topic<\/strong> Read how Paucitas applies this in practice on the page <a href=\"https:\/\/paucitas.com\/en\/topics\/proving-the-origin-of-assets\/\">Proving source of funds<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2190Back to Crypto assets and origin Wwft In short The Wwft is the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":8857,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-17879","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/pages\/17879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/comments?post=17879"}],"version-history":[{"count":4,"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/pages\/17879\/revisions"}],"predecessor-version":[{"id":19073,"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/pages\/17879\/revisions\/19073"}],"up":[{"embeddable":true,"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/pages\/8857"}],"wp:attachment":[{"href":"https:\/\/paucitas.com\/en\/wp-json\/wp\/v2\/media?parent=17879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}