Successive versions of the AML/CFT website

Successive versions of the website

Current version:

Previous versions:

Overview of the changes

On 13 August 2020:

  • Substantive changes to comments and recommendations by the NBB on the Reporting by financial institutions (see point 2 en its reference documents)
  • Addition of the following NBB documents:
    • 7 April 2020 – Communication NBB_2020_14/ COVID-19
    • 2 March 2020 – Circular NBB_2020_006 / Periodic questionnaire on combating money laundering and terrorist financing

On 21 February 2020:

  • Substantive changes to comments and recommendations by the NBB on the following topics:
    • Risk-based approach and overall risk assessment (see points 3. and 4. as well as its reference documents)
    • Governance (see points 2.5., 3., 4. and 5. as well as its reference documents )
    • Performance of obligations by third parties (see points 1. and 2.)
    • Reporting by financial institutions (see points 1.1., 1.2. and 1.3. as well as its reference documents)
  • Addition of the following documents:
    • FATF documents:
      • Methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT Systems, as updated in October 2019
      • Best Practices dated October 2019 on Beneficial Ownership for Legal Persons
      • Guidance dated June 2019 for a Risk-Based-Approach for the Virtual Assets and Virtual Assets Service Providers
    • European Documents:
      • ESAs Joint Guidelines dated 16 December 2019 on cooperation and information exchange between competent authorities supervising credit and financial institutions (“The AML/CFT Colleges Guidelines”)
    • NBB documents:
      • 23 January 2020 – Communication NBB_2020_002 containing the conclusions of the horizontal analysis of a sample of summary tables of the overall assessment of the risks of money laundering and/or terrorist financing
      • Presentations of the information session of 6 November 2019 on the developments and expectations of the NBB regarding AML/CFT

On 21 October 2019:

  • Substantive changes to comments and recommendations by the NBB on the following topics:
    • Governance (see point 4: introduction and point 4.1; new points 4.6 and 4.7)
    • Internal whistleblowing (see § 2)
    • Object of the identification and identity verification (see point 2.2, § 3; point 2.3.1, § 2; point 5)
    • Prohibition of disclosure (see point 1, new § 3)
    • Financial embargoes and assets freezing (see point 1, § 6; point 2.1, §§ 2 and 3; point 5.4, § 1)
    • Reporting by financial institutions to the NBB (see point 4.1)
  • Addition of the following documents:
    • FATF documents:
      • Recommendations as updated in June 2019 (see page Introduction)
      • Methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT Systems, as updated in February 2019
    • European documents
      • Delegated Regulation (EU) 2019/758 of 31 January 2019 on the minimum action and the type of additional measures credit and financial institutions must take to mitigate ML/FT risk in certain third countries (see page Belgian parent companies)
      • Report of 24 July 2019 from the Commission to the European Parliament and the Council on the assessment of ML/FT risks affecting the internal market and relating to cross-border activities (SNRA) + annex (Commission Staff Working Document) (see page Risk-based approach and overall risk assessment)
      • ESAs Joint Opinion dated 4 October 2019 on the risks of money laundering and terrorist financing affecting the Union’s financial sector (see page Risk-based approach and overall risk assessment)
      • EBA opinion dated 24 April 2019 on the nature of passport notifications regarding agents and distributors under Directive 2015/2366 (PSD2), Directive 2009/110/EC (EMD2) and Directive 2015/849 (AMLD) (see page Belgian CCPs of European payment institutions and electronic money institutions)
    • NBB documents:
      • Addition of old circulars "Periodic questionnaire" 2014_11, 2015_26 and 2015_27
      • Protocol of 17 September 2019 defining the modalities of cooperation and information exchange between the NBB and CTIF-CFI (see page National cooperation)
  • Minor changes to other pages of the AML/CFT website.

On 26 June 2019:

  • Online release of the English version of the AML/CFT site

  • Minor changes to existing pages of the AML/CFT website.

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