Effective Date: 26 June 2024
1. Scope and Acceptance
These Terms and Conditions (“Terms”) govern all access to and engagement with the private banking and financial services provided by ABN Noordvest Bank (“the Bank,” “we,” “us,” or “our”). By accepting a formal invitation, initiating a client relationship, using our services, or interacting with our personnel, you (“the Client”) acknowledge and agree to be bound by the terms set forth herein. If you do not accept these Terms in their entirety, you may not access or engage with the Bank or any of its services.
2. Nature of Services
ABN Noordvest Bank operates a private, closed-client banking platform designed exclusively for qualified High-Net-Worth Individuals (HNWI), Ultra-High-Net-Worth Individuals (UHNWI), family offices, sovereign entities, and select private institutions.
Our suite of services includes, but is not limited to:
Wealth Management & Investment Advisory
Bespoke Lending & Liquidity Structuring
Private Trust & Estate Planning
Family Office Coordination
Cross-Border Asset Structuring
Private Capital Markets Access
Risk Management & Strategic Hedging
All services are discretionary, non-public, and subject to extensive due diligence.
3. Eligibility and Access
3.1 Invite-Only Access
Access to the Bank’s services is strictly by invitation. The Bank does not accept unsolicited applications, open market inquiries, or walk-in consultations.
3.2 Client Qualification
To qualify for private banking services with ABN Noordvest Bank, the Client must meet the following conditions:
Be classified as a High Net Worth Individual (HNWI) or Ultra High Net Worth Individual (UHNWI) under criteria consistent with the Dutch Financial Supervision Act (Wet op het financieel toezicht – Wft) or comparable international private banking standards.
Provide complete and verifiable legal, financial, and tax documentation in accordance with Dutch regulatory requirements.
Successfully pass all internal due diligence processes, including risk, compliance, and reputational assessments.
Receive formal approval from the Bank’s Executive Client Committee.
ABN Noordvest Bank retains sole discretion to decline or terminate any client relationship at any time, without obligation to provide justification or disclose internal rationale.
4. Client Onboarding & Documentation
Prior to the establishment of any formal relationship or transaction, the Client must execute and return all required legal documents, including but not limited to:
Client Agreement
Wealth Structuring Mandates
Non-Disclosure Agreements
AML/KYC Declarations
Beneficial Ownership Certifications
Cross-Border Tax Declarations (FATCA/CRS)
Incomplete or inaccurate documentation will result in immediate suspension or rejection of onboarding.
5. Confidentiality & Data Protection
5.1 Confidential Relationship
The Bank treats all client information with absolute discretion and adheres to the highest standards of confidentiality, as required under federal and international banking secrecy laws.
5.2 Data Processing
Client data may be stored and processed within the United States and abroad, solely for the purpose of delivering services, complying with legal obligations, and managing risk exposure.
5.3 Disclosure
Client data will not be disclosed to third parties without explicit written consent, unless legally mandated by applicable regulatory, tax, or law enforcement authorities.
6. Legal and Regulatory Compliance
ABN Noordvest Bank operates in full compliance with the regulatory frameworks established by Dutch law and applicable EU directives. This includes adherence to:
The Dutch Financial Supervision Act (Wet op het financieel toezicht – Wft)
The Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft)
The European Union’s Fourth, Fifth, and Sixth Anti-Money Laundering Directives (AMLD)
The EU General Data Protection Regulation (GDPR)
The OECD Common Reporting Standard (CRS) and FATCA (as implemented through Dutch law)
All applicable financial sanctions and asset-freezing regulations enforced by the Dutch Central Bank (DNB) and the Authority for the Financial Markets (AFM)
All clients are expected to uphold these standards and cooperate fully with compliance reviews, risk assessments, and requests related to due diligence and transactional transparency.
Non-compliance, misrepresentation, or refusal to provide requested documentation may lead to immediate suspension or termination of the banking relationship and mandatory reporting to relevant supervisory authorities, including the DNB and the Financial Intelligence Unit – Netherlands (FIU-NL).
7. Financial Risk and Disclosures
All investment and banking activities carry inherent risk. The Bank provides non-public, tailored financial services but does not guarantee investment returns, preservation of capital, or protection from market volatility. Clients assume full responsibility for decisions made, even when based on Bank guidance or third-party counsel coordinated through the Bank.
Past performance is not indicative of future results.
8. Client Obligations and Representations
The Client represents and warrants that:
They are legally authorized to enter into financial agreements under applicable laws.
All funds, assets, and property under their control are lawfully obtained and free from encumbrance or litigation.
They will not use the Bank’s services for any unlawful, fraudulent, or prohibited purposes.
They will update the Bank promptly of any material changes to their financial, legal, or personal status.
9. Fees, Costs, and Remuneration
Fee structures are bespoke and will be disclosed in writing prior to the commencement of any engagement. These may include:
Advisory Retainers
Performance Fees
Asset Under Management (AUM) Charges
Transactional Fees
Custodial and Trust Management Costs
All fees are due as agreed in formal mandates. Late payments or defaults will incur penalties and may result in suspension of services.
10. Intellectual Property
All branding, documents, financial models, communication tools, and proprietary content provided by ABN Noordvest Bank remain the exclusive intellectual property of the Bank. Reproduction, distribution, or adaptation without written permission is strictly prohibited.
11. Limitation of Liability
o the maximum extent permitted by applicable law, the Bank and its affiliates, officers, employees, and contractors shall not be liable for any indirect, incidental, punitive, or consequential damages, including but not limited to loss of profits, business interruption, or reputational damage, even if the Bank was advised of such potential damages.
Total liability shall not exceed the amount paid by the Client in the preceding 12-month period for services rendered.
12. Indemnification
The Client agrees to indemnify and hold harmless the Bank, its officers, and representatives against any claim, liability, cost, or damage resulting from:
Breach of these Terms
Violation of applicable law
Misrepresentation of information
Improper use of Bank services
13. Relationship Termination
The Bank reserves the right to terminate a client relationship at any time and for any reason, including breach of Terms, reputational risk, failure to cooperate with compliance, or strategic realignment. Termination shall not relieve the Client of any financial obligations incurred prior to such action.
14. Governing Law and Dispute Resolution
These Terms are governed by and shall be construed in accordance with the laws of the Netherlands.
Any disputes or claims arising out of or in connection with these Terms shall be submitted to the exclusive jurisdiction of the competent court in Amsterdam, the Netherlands, unless the parties mutually agree in writing to resolve such matters through arbitration in accordance with the Arbitration Rules of the Netherlands Arbitration Institute (NAI).
15. Modifications and Updates
ABN Noordvest Bank reserves the right to amend these Terms at any time. Clients will be notified via official communication. Continued engagement following notice of modification constitutes acceptance of the updated Terms.
16. Contact Information
Bank Name: ABN Noordvest Bank
Office Address: Dam 27, 1012 JS Amsterdam, Netherlands
Email: support@noordvest.com