Novelist requires a copy of your ID because we are opening an official investment account in your name. For administrative processing, a valid identification document is necessary. Additionally, we are legally obligated to verify and record the details of your identification as required by the Money Laundering and Terrorist Financing (Prevention) Act (Wwft).
When submitting the copy, it is important that all details are clearly visible so we can identify you correctly. It is also essential that you do not obscure your social security number (BSN) or document number. Novelist is a financial institution and requires your BSN and document number to report information to the Tax Authority. This is a legal requirement for us and other financial institutions. If you obscure these details, we will not be able to proceed with opening your account.
For more information about the legal rules for copying or processing identity information, you can consult the Dutch Data Protection Authority website.