Getting in line: Belgium's view on 5AMLD

Author: IFLR Correspondent | Published: 3 Jan 2019

By  Hélène Van Steenberge,  Olivier Van Den Broeke and  Martin S Navias, Baker McKenzie

1 minute read
In May 2018 the European Parliament and the Council adopted the fifth Anti-Money Laundering Directive. It provides a series of changes to the fourth Anti-Money Laundering Directive and the EU's legislative framework in relation to both anti-money laundering and terrorist financing.
In Belgium changes are expected in relation to the AML Act (and its implementing royal decrees, circulars and regulations, where relevant). The Belgian legislator has already implemented most of the new requirements in relation to the register with information on beneficial ownership with the result that only limited further changes are expected in this regard. Belgium has until January 10 2020 to get in line with the new requirements.

On May 30 2018, the European Parliament and the Council adopted the so-called fifth Anti-Money Laundering (AML) Directive.

The fifth...


 

 

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