The Central Point of Contact for accounts and financial contracts (CPC) receives data from two sources:
From Belgian residents in relation to foreign accounts:
Belgian residents holding one or more foreign accounts must report these accounts directly to the CPC. In other words, reporting is not done automatically by their foreign financial institution (as is the case for domestic accounts and financial contracts).
From financial institutions in relation to domestic accounts, financial contracts and transactions involving cash:
Individuals are not required to report information themselves. Financial institutions (so-called reporting agents) are obliged to transmit information to the CPC about their customers’ Belgian accounts, financial contracts and transactions involving cash.