Due diligence obligations and compliance with other legislation

The NBB insists that in implementing their organisational and operational AML/CFT obligations, financial institutions should take into account the impact of, inter alia, the legislation mentioned below.

1. Combating discrimination

Financial institutions should take into account the impacts of the anti-discrimination legislation: see https://www.unia.be/en/law-recommendations/legislation.

The NBB emphasises in particular that the customer acceptance policy should be defined in accordance with the provisions of the anti-discrimination legislation.

2. Protection of personal data

3. Basic banking services

Financial institutions should take into account the impact of the legislation regarding basic banking services. Their customer acceptance policies and internal procedures should ensure compliance with this legislation. Reference is made in this respect to Book VII, Title 3, Chapter 8, of the Code of Economic Law.

4. Access by payment institutions to credit institutions' payment account services

Credit institutions should ensure that their customer acceptance policies and internal procedures are compatible with Article VII 55/12 of the Code of Economic Law, which grants payment institutions objective, non-discriminatory and proportionate access to credit institutions' payment account services.

Disclaimer: This English text is an unofficial translation and may not be used as a basis for solving any dispute