All right. So I have to admit, before we start this, Jacqueline did share some articles with me, but I haven't really had time to read it. So if that's okay with you, I'll just leave you to talk.
Yeah, that's fine. Yeah, that's fine. It wasn't clear to me whether I had proposed to Jack so that we that we that whoever was talking whoever is writing the blog about the AML module, later the GDPR module that maybe we have a call and have a little lesson on how it works, because it's a it's a bit of a thing. It must be frustrating for you guys try and write about it. And God knows I know how complicated it is to try and figure out what exactly is being asked. So
I mean, that's why we have the call with you with naturally got audio watershed. So I mean, I haven't written anything with Module yet. I am actually like have a blog at the moment that's in well as in the process of being written, so I'm gonna reference that audio that we have. So I'm just gonna, maybe I should just share it with other people who's writing okay, because it has been shared but I can just maybe highlight it again at the end. Okay. Just
because I think it's just I feel sort of bad. Just sending it back and saying, Nope, that ain't it. But it should hang in today. Net so I don't blame you. I probably we can't we can't have articles published that just the thing is for both this is this is a special thing right for the for both the both the GDPR module and AML module or their regulatory tech. And so it has to be accurate. It's not accurate. Not only do we look stupid, but also the government will be up my skirt in about five minutes.
I mean, the one that was shared recently, I wasn't happy with it either. But yeah, I don't think I have all the same to like say, No, this is wrong, but I think maybe I won't make sense. I don't think this is 100 Correct. So I'll just go reference back that audio, perhaps like to help other writers out I'll maybe just make a list of things and just like, you know, and if I don't understand anything, is it okay if I maybe just see some questions? Okay, cool. I think
I mean, what's funny is what's funny is once you actually get a grip on it once once the once you find the pattern, it's actually pretty easy and straightforward. Ultimately the core of AML and KYC or we have to not only confirm we have to document a person's identity and and we have to document what people are associated with a particular company. That's really it. That's all he wants to do. They want us to do, and it's it's one thing to I struggled for three years because I just confirmed it. I just looked at everybody's passport myself and wrote down right and wrote down I looked at his passport, that's the guy that was it. And that is confirming somebody finally somebody said to me, that is what you are doing is confirming their identity, but you are not documenting it. Yeah, we need you to document it. And I was like, oh, right, got it. And and that's the thing is once you get it all the other really complicated parts of it. Just fall under Document, who what human beings are involved in this business to document their identity because, you know, this is this is now the internet the upside of global communications is clear. The downside, however, is that people are not always who they say they are.
I have one question, though, about this. So there's one thing that that I feel is a bit unclear from my side. And this might have been mentioned and maybe I've missed it. So sorry for repeating yourself, but I have a question. Of the AMA. This is not just to onboard clients, right? This is also for your employees and anything in the business
is also for what was the second part of that sense? Oh, well,
first of all, as clients and then employees, people that work in the business
actually no, there's no legal requirement to to do an AML check on your employer employees as a co working space. Okay. For for banks, financial institutions. There is for it's one of the more interesting gaps in the law for lawyers, accountants, notaries, all of those people. They have licensing requirements of responsibility. It's not necessarily a KYC background. Check, but it is. A lawyer is responsible for their employees in a way that the guy who owns the factory is not and but co working because the AML KYC rules did not specifically address employees co working doesn't at this moment have a legal obligation to do that.
Okay, so it's just when you onboard coworkers,
yes, it's clients.
Okay. I got it. Okay. So, I this chat is about the UB Oh filing and say didn't didn't look up I have the articles open here so that
the Dutch government has done a very nice job of explaining it but the the important thing to say to the the camera co workers is as part of the European wide AML KYC. rules rule out these rules are laid down in Brussels by the EU. And in the UK. They're laid down now by the UK Government, but they are in effect that they're there in fact, they're the same. I mean, they're the same. They adopted those rules. While they were still EU members and nobody's they're a little bit busy now. And they said they haven't gotten around to going back and changing them. So they're just using same rules as we are. And also these rules as a political matter just for your personal entertainment. These rules were laid down by the United States and essentially, strong armed is not the word but strong persuasion was employed by the United States government to get the European countries to adopt. I'm in that and so that also isn't effect for the UK. And it's why the UK has not dropped the rules because if they did they piss off the Americans then there's a problem. So So that's interestingly, the United States doesn't, doesn't it self imposed rules. That's not That's not actually a large surprise. US government is very good about rules for other people. So So anyway, um, there are AML but but it's it's a different, it's a different kind of a structure, the uniformity of it across Europe is greater than the uniformity of it in the United States. So in any event, um, so the EU impose these rules, part of the rules, which has driven me insane since 2012. When we did they did this mess is one of the rules they laid down is that every European nation must establish a one point of contact for people in other European countries to give them information about how to start a business run a business with the rules are within that nation. And that one point of contact for the Netherlands is that link that you have, which is the business.gov or whatever it is, hold on,
let me let me Is it this one that's business like golf? that.nl regular, yes. Okay.
That's the one that is what's called the one point of contact and it is a, essentially a cognate of a website that the Dutch government has always had in Dutch. And it really is, I have to say an excellent resource for questions about how do I do things and it's one of the most underused resources in the Netherlands. But it's actually these each all of the agencies that are listed at the bottom of that website got together and wrote, This is how we do in simple English or simple Dutch and in the videos, all kinds of stuff. Oh, but so it's a really cool resource in general and it's worthy of its own blog post. I have no doubt, like, you know, discover business.gov Um, and but for this one, okay. The EU impose these rules about AML and KYC rules where every nation has to have one point of contact also, every nation has to establish a registry of who are the people associated with the business because every nation in Europe has a registry of businesses. They already have that they don't need a rule for that. However, what they list in terms of the individuals associated varies hugely across Europe. And so, like in the Netherlands, we have an open registry. And so there's a huge there's this big GDPR problem going right across the Netherlands because it has been for hundreds of years. The whole point of the registry is that is open. And what that means is that when you are a freelancer your home address is listed in the register and is accessible to everybody. Um, there are exceptions if you're under police protection or living in you know, domestic violence shelters, what have you. But other than that, it's all public. And that is most emphatically not the case. For example, in Italy, like they don't think that's cool. So it's a feelings about privacy, what is private, very much across Europe, and so they've imposed this rule that you have the each of the governments in the EU must publish an Uber registered. Do you know what an elbow is?
No, I've been trying to look what Uber stands for. I can't find it. Oh, yeah. Ultimate beneficial owner theory. I found it, right.
It's the people who are ultimately the Ubers are the people who either own the company 25% or more, or run the company that is make the decisions. Okay, and both of those things are an oboe. And the reason for that is that it's a very common construction, especially in the Baltic states. In the Balkans in Poland, Hungary. It's very common to have the person who actually is running this company be nowhere on the paperwork. Okay? It's like me and my pals. This is why, if you go run a background check on Putin for example, you will find that he owns almost nothing.
And same with you. He doesn't
own anything. He's like, no regular middle class guy. But his buddies own things, and weirdly enough, they, you know, do whatever he says and then have used it. Well, it's really is, I mean, it really is, it's just, you know, it's in somebody else's name, and that that's just sort of a thing. Um, and so that's why makes the decisions about um, is one of the qualifying things because it is child's play for a person who is whitewashing to get their name off stuff. It is absolute. It's very easy to get your name off stuff. So they added them who is actually making the actual decisions about it. And that's part of the part of the problem because we assess who's making the actual decisions based on who's on the paperwork. So part of the reason that there's for example, a monitoring requirement for those of us that run co working spaces is whoever is on the paperwork, Saskia. It is very clear to a person running a co working space is very clear to a lawyer to an accountant who have actual daily contact with these companies. It's great to actually run the company whether they're on the paper or not. It's they're the ones who are on the phone. Exactly. Oh, they're the ones who the guy on the phone says I have to go talk to soska I'll get back. Right if seven times in a row. Some guy says I have to talk Saski I'll get back to you then chances are pretty good. I need to find out who Saskia is because Saski is making the call. So, um, but for the initial support, it was a complete chaos just a very few years ago trying to establish who your elbows are, because the European governments did not uniformly have that available. And so that was one of the first things they did was say, everyone has to have this single point of contact for the entrepreneurs and for the regulatory side. Every government must establish an Uber register, so that it is public information, who owns a company and who runs a company. Okay. That is the purpose of Uber register. And we are so glad to have it because it makes quite a lot of things very much easier in terms of running a co working space or any other regulated industry. So the cocoa powder has been working day and night, night and day on getting the Uber registry set up. And indeed for the last couple of years actually. The Uber registry has existed and all new companies or so my new company holding company that I set up in December of 2020 was already in the Uber register when it was created, that it was listed there. And but my the European co working assembly, which was set up in 2016 is not there and so I got a letter, everybody's getting letters. And that letter says you have to register your company in the EU register. Okay, and so that's that's actually why we're writing this blog because by 27th of March. All of the entities have to have their Ubers registered, a freelancer does not have an Uber. A freelancer is Dubeau their website to read up on this. Yeah. So there's there's a list of everybody. Interestingly, the camera which is my co working space does not have to register in the Uber registry because the camera is an American corporation registered in the Netherlands. As an American corporation. And so I theoretically have to list my elbows in the United States. Okay. So that is us. It's a useful thing to add because we have some foreign coworkers that is to say if you have a GmbH if you have a whatever the hell they call it in Belgium, Belgian companies I forget now. Oh, anyway, if you have a Belgian entity if you have a limited from the UK, all none of those people have to register in the chemica hubo register they are be registering in their home country.
Okay, sorry for the noise. No, you're good. Okay. I just have a question then. So I mean, we're going to drag this blog over to two code tools while we add it. So I just have a question then. I assume that this Uber's then also help with KYC and AML. Right. Or am I missing the whole point of this not completely? Sure that again, I'm just asking that Uber's they, they help with AML and KYC to better identify who owns the business.
The reason that the reason that we have to know who the elbows are is the AML and KYC rules. Okay. The heart, the heart of the AML KYC rules are we have to document the business what sector it's in and what kind of business it does, and what people are associated with it. Ooh, bows are the people associated with it? That's what a boat is. Okay, cool.
So obviously for the coworking tools blog, we're going to focus more on the A AML KYC module side of it, but then fought for the comma Can I just get a bit more clarity of exactly what we want to communicate? So I am slowly we want to communicate that by the 27th. All of this needs to be done and that international entities need to register in their country but as their I just want to get like a bit more of a focus point.
No, that's it really. I mean, the basic angle of this blog post is you have been getting mail from the Congo, Congo possibly you've been getting emails, maybe you've heard somewhere it's all over social media. Both the Congo Congo and the Dutch government is hammering this all over social social media. This is mostly in Dutch though. So some of some of our English speakers may not have seen it, like the letters from copom will come in Dutch. So a lot of my co workers are throwing them away. Focus a they're a Dutch Right. So. So in essence, what we are saying as you've probably noticed, that there's some talk around about an Uber register. Here's what the Uber registry is. At and here's how you do it, here's why you have to do it and here's where you go and how to do it.
Okay, and where are we going to do it as this all set out in this? This link a half year with that business book of that? Now?
Let me find because it is a it is a online thing. It's cool as hell as it is. Now, yeah, kvk.nl But that's in Dutch. So let me send my Google Translate. So that's wonderful. Let me find you the
so can we link these two links then and then also Jacqueline also shared here the the European Commission. She sent a link here about the Annie anti money laundering and countering the financing of terrorism.
And yeah, yeah, I sent her all of those. I sent her all of those links and it's basically the three levels of it's the three levels of regulation that's happening basically. So there's the the EU is the one who impose these rules and I sent that for background information about the rules and why you have to follow them. And then there is the Dutch government level and that is, in essence, it is I found it to be a fairly general discussion of what needs to happen. And then the kavika stuff is very granular, because it's focused very specifically the caveat stuff is focused very specifically on entrepreneurs. That's all they do. Okay. I just sent you in WhatsApp, the exact link where you have to go to register in Dutch and it has a beautiful little graphic. It has a beautiful little graphic about what all you have to do and what you have to have. Oh, like and I am trying to find out
it's all industrial parts. Okay. I can understand some of it because of Afrikaans I'll just put on Google Translate. And then maybe we can do a graphic like this on the blog post to
wait. I have got it in English, I think. Oh, yeah, here it is in English. Oh, we all done karega they don't always they don't always like very often. It's just all intelligence like you.
Google at least helped me out this time.
You know, it becomes less and less the problem for my co workers because Google Translate is translating into English is actually now extremely good. Oh, yeah. That's fantastic. That was not true two years ago, but is
that to use AI sorry.
Well, that's it's AI and the most common that's why it's gotten so much better, so much faster, because if you translate it to Dutch, I promise you it's not that good, but the thing is it the most common the most common language translate into is English. And so it learns faster because it has more data.
Yes, that's true. I just saw this actually the some this graphic here the graph. It's on the the Dutch side, but they don't have it on the English version. So maybe we can we can create our own little flow chart to enter the blog. Yes. Okay. I'll just I'll just have to ask you to double check that I translated the things correctly.
Yes, ma'am.
Okay, is there anything else you'd like to add? I think the resources help a lot also.
Yeah, honestly, the first two steps if you hit the start preparing for your elbow thing, right? The first two before you actually hit the button that says start uploading things. They actually the information is laid out very well. The Capricho portal has done most of the heavy lifting for us. And so I think that on that front, I would essentially just take the angle that don't worry, the Congo Congo has definitely got this under control. The funny thing is, they've done it in the last month. And it might be worth saying in the blog that when I first got my Uber letter for the assembly, I went and looked at the link that was in the letter and it was like oh my god, there was there was no information at all. It was just like here's the lane cap fund. And and at that point, you had to print out what you filled in on the form and mail all of it on paper in an envelope to the kavika yesterday to my astonishment and pleasure, I discovered that you can actually upload everything. Picture your passport document showing who are your elbows, all of that stuff, right to the town code Pombal and you sign it online and it's done. You don't have to print anything out and mail it
is 21st century.
I know right? It's like Welcome to the 20th century guys. Let's see if we make it into the 24 hours. It is the case that the signing app that they're using is sort of not especially user friendly in my experience, but frankly it is so much better than what it was a month ago. I just feel like I should give the CARICOM medal because they clearly I will these those kinds of processes on your website are extremely complex to embed and they they did a great job. They did do they did a great job. It is they are using the Dutch have a thing called diggy de which is DGD which is a an app on your phone that you can use to identify yourself and it is a government app. And so at the end of this thing you basically have to sign in with your Digi ID to prove that you're yourself and then you you make a one cent payment from your personal bank account to the camera coupon tool. And that's to prove that you're yourself and then you're done. If you don't want to do if you want to save yourself the ones because Dutch are always getting really exercised about that kind of stuff like why am I giving them one cent? Um you can indeed print it all out, drop it in an envelope and mail it then you don't have to pay for it.
But then mailing costs more than one cent right?
I know right? They just it's like a principle thing. They're like all the entrepreneurs in the Netherlands are paying one cent what do they do with that money? Really, really, you're paying
your taxes one sense is not gonna like break the bank. But yes, I understand their point of view though. It's also like my mom used to when they don't give her a change. And it's like 10 cents be like No, I want that 10 cents because you're gonna take tension for me 10 cents from another person and then before you know it, you have 10 grand, and then
that's the debt
getting carried over into my bloodline.
Yes, they are throwing tantrums that entrepreneurs here are throwing wild tantrums because the tax authorities have got a new cool online thing where you can do your payroll taxes. And in order to do it, you have to again, prove that you're yourself in order to do that. You have to use a specific app, not the usual app. This is an app that confirms companies and to get that app cost you 10 euros a year and they're all like they're all like I'm not doing that. Why should I have to pay money to pay my taxes? Like on the one hand, Phil is as a principled matter I agree with you. Actually, the government should not be allowed to make you pay money or buy a product in order to pay your taxes. I actually agree with that. But really, can your
I mean, hopefully that money goes in bettering the app, you know, okay, that would be developers in the room. Okay, cool, I think I think that's enough information. I'm going to add all these things that you've shared with me, I'm going to add them into the blog. So we can have like maybe at the end the resource section or I'll just scatter open them right through the blog. I'll see what works best but yeah, I think I'll just write this blog for sometimes it's easier when you've lost. You've done the interview to just write it. And I think which one is more urgent for you? I assume that the comma one
writes. Yeah, because it's got a deadline. Okay, cool. It's 27th of March. I mean, basically the angle on this blog is a very straightforward like you're getting this mail and everybody's talking about the ubo register. You're seeing it if you're an entrepreneur, you're seeing it on social media. What I know in my heart that all my co workers took that letter from the Cava co founder laid it on the pile of things. I'm going to do tomorrow, and that's where it is. And so basically, this is a message to say, I know it's on your pile of things I have to do tomorrow but really like this is a legal requirement. It's not the kavika just screwing around with you and so they will have to follow it up and then we'll you know, there will probably be enforcement actions. It is not that this is going to go away. Because listen, a lot of the stuff character does just goes away because it's it's like the Central Bureau for the collection of statistics. They send you 500 letters and say please take part in our survey and either you do or you don't, but it doesn't matter. This particular thing is law. It matters. The comico Pontal has to do it and they're they're running the risk. That's comico ponderable beat them out of the homeless resistor because that's the ultimately that's the enforcement from the EU side. If people refuse to register their ebos they can be booted out of the registry. Okay, not to start over and that's a much bigger pain in the ass just uploading stuff. Right?
Right. Right. Probably have muscle but anyway like some way stored digitally. Somewhere, I would hope.
Well, and one of the things that is happening and it might be a subject for a different blog, or if you can work it in, I don't know. But one of the things that happens is people register their companies and then they do business and they carry on and this happens incessantly in my co working space is they had an investor at the beginning or their brother was an officer like my little sister was an officer of my company for eight or 10 years or something for a very particular reason. And then that reason went away and she just stayed my officer because I never got around to removing her. Eventually, I got around to removing her. But it happens all the time in my co working space that I say to people I have to get an ID from Joe Smith because he's on your attraction like oh my god, I don't even know his phone number anymore. Well I'm thinking you need to get that guy off your freakin registry because there they are. Right? It's it's it's not an urgent, right? It's just a thing. It's just piece of paper with the government and it really doesn't come up that much. So. So I think that one of the things that does happen in association with this uber registry is that quite a lot of people in the Netherlands and undoubtedly many of my co workers will go to do their Uber registration. Find out that there's something there hanging around from eight years ago and not be able to do it, they will need first to change their registration and then do the Uber registration. And that, you know, is going to take more time and times run outs.
Okay, so I'll see if I can get the blog written, Yara, share with Jacqueline if she's happy she'll share with you. So hopefully I will be with you on Tuesday, Wednesday, Monday. Try and get it as quick as possible. Great,
thanks for your time.
Thank you appreciate the sign with your high rated like chatting to you
call me anytime. I mean, what's up before you call me? Every once in a while I'm doing something else.
Okay, um, so yeah, enjoy the rest of your week, and I now get to see as quickly as I can.
Thank you, ma'am. YouTube. Talk to you later. Bye bye.
