The identification, management and mitigation of the risk of money laundering and terrorist financing should be an integral part of an institution’s governance and risk management arrangements. Thus, in accordance with Article 8 of the Law of 18 September 2017 on the prevention of money laundering and terrorist financing and on the restriction of the use of cash, institutions should draw up a policy on preventing money laundering and terrorist financing.

This policy should set out the institution’s objectives and the guidelines to be followed in this area.

For further information, please refer to the section of the NBB’s website dedicated to the prevention of money laundering and terrorist financing (Combating money laundering and the financing of terrorism | nbb.be).