As a gatekeeper to the financial system, we have an important role in the collective fight against financial and economic crimes. By performing Customer Due Diligence (CDD) and monitoring transactions we aim to detect and prevent the financial system from being misused in criminal activities, including money laundering and terrorist financing, for the safety and security of our customers and society. Subject to the limited exceptions, the CDD requirements must be met before the establishment of a business relationship or the carrying out of an occasional transaction. A customer account may only be established prior to the verification of the customers’ identity and the identity of any UBOs if the ING entity has sufficient controls in place (e.g. blocked account or on-going monitoring) to ensure that ING does not carry out any transactions initiated by or on behalf of the customer until all verification requirements have been completed. If the customer’s identity cannot be verified, or in other cases where CDD requirements cannot be met, the customer should not be accepted. To comply with applicable laws, rules and standards we must periodically update the information. In the end we have to take these actions also to vouch for your integrity as well as reassure you about our integrity