Document background
The Client Acceptance Letter is a crucial document in the Dutch professional services landscape, used to formalize the initiation of a client-service provider relationship. It serves as the foundational document that confirms the acceptance of a client following successful completion of due diligence processes required under Dutch law, particularly the Wwft (Anti-Money Laundering and Anti-Terrorist Financing Act) and GDPR requirements. This document is typically issued after initial client discussions and know-your-customer checks, but before commencing substantive work. The letter encompasses key engagement terms, regulatory acknowledgments, and service scope, providing both parties with clarity on the relationship's parameters while ensuring compliance with Dutch legal and regulatory requirements.
