Belgium: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

February 24, 2006

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Belgium: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2006) accessed December 26, 2024

Summary

This paper discusses the Observance of Standards and Codes and Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Belgium. In Belgium, the financial intelligence unit (CTIF-CFI) has noted a shift in money laundering activities in recent years. It has emerged that the proportion of new cases involving layering operations and, to a lesser extent, integration, is on the rise. At the layering stage, the methods favored by criminals are national or international payments via wire transfers or cheques, as well as remittance transactions.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Consumer credit, Crime, Legal support in revenue administration, Money, Money laundering, Revenue administration, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), CFT law, CFT Law, CFT legislation, CFT measure, CFT obligation, CFT system, Compliance officer, Consumer credit, CR, Customer, Firm, ISCR, Leasing firm, Legal support in revenue administration, Money laundering, Regime, Security firm, Terrorism financing, Terrorist group

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/072
Stock No:

1BELEA2006001
ISBN:

9781451803228
ISSN:

1934-7685

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