These abbreviations stand for ‘Financial Supervision Act’ and ‘Laws for the Prevention of Money Laundering and Terrorist Financing’. The supervision of financial institutions and the whole financial system by the Dutch authorities is regulated by the Wft. The Wwft was introduced to prevent and reduce illegal financial activities, including money laundering, fraud and terrorist financing. You can read more on the National Government's website (Dutch) and in the Attachment Law and Regulations Wft, Wwft, and CDD process ING (Dutch)