By giving your personal information, you contribute to the fight against illegal operations, such as money laundering and terrorist financing.
Banks have an obligation of vigilance, to detect illegal operations: money laundering, financing of terrorism, tax evasion, corruption ... The law thus requires banks to know their customers and to know who owns the money deposited on a bank account.
Verify your identity
Anonymous or false name accounts are not allowed. This is why your bank needs information to clearly identify you: name, first name, nationality, date and place of birth, marital status, address, profession, national register number. The bank may ask you for your identity card and, where applicable, your resident card.
The origin of the money
As a customer, you must be able to justify the origin of the money in your account: income, savings, rental income, inheritance...
In addition, when you make a transfer, your bank must know the identity of the beneficiary, at least with his bank account number. And this, in particular for transactions in the European Union.
In the event of an unusual transaction, the bank should also verify where the money is coming from.
What happens to your data?
Your bank is subject to professional secrecy and carefully keeps your data. If you ever decide to close your bank account, be aware that the bank is required to keep your information for 5 years.