Originally Posted by
carnarvon
Got it. I had used the translation in the post.
In that case, the problem is as originally understood. Remains to be seen what they consider business transactions and how they will identify them.
Would be interesting to know what the reason behind it is. Maybe a regulatory matter.
I read on another forum someone received a similar notice about their Dutch issued Visa card. The card issuer in that case explained it had to do with changes in Dutch law 'Wwft' (Loosely translated: Law to prevent money laundering and financing of terrorism). I am no way an expert here, but some Googling showed me there apparently are some more rules now for when a 'client investigation/report' is needed. What transactions should be reported (total sum €10.000+, not only cash, now also card) etc. So it indeed seems to be a regulatory measure. If you want to know more, that would be my starting point for looking.