Our legal identification obligations, and what we may ask of you.
Last updated: October 2026.
For its brokerage and rental-management activities, IDV Management is subject to the Belgian Act of 18 September 2017 on the prevention of money laundering and terrorist financing and on the restriction of the use of cash. We are therefore required to identify our clients and verify their identity before starting an assignment.
The obligation covers every party to the transaction:
Where a property belongs to several owners, each of them is identified.
Individuals: identity card, address and date of birth.
Companies: articles of association, identity of the directors and of the ultimate beneficial owners (UBO), meaning the individuals who ultimately own or control the company. This information also appears in the UBO register.
Particular attention is paid to people who hold or have held a prominent public function, as well as to their family members and close associates.
The law restricts the use of cash: we cannot accept any cash payment above the amounts it allows.
Identification data and documents are kept for 10 years after the end of the business relationship, as required by law. They are processed under this legal obligation, in line with our privacy policy.
Where the law requires it, we report any suspicious transaction to the CTIF-CFI (Belgian Financial Intelligence Processing Unit). The law forbids us from informing the client. If identification cannot be completed, we may refuse or end the assignment.