Financial Action Task Force – FATF – Members

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to […] Continue Reading »

Belgium – Know Your Customer (KYC) Rules

  Belgium‘s banking industry is medium size, with assets of over $2 trillion dollars in 2010. Illicit funds primarily derive from serious forms of financial crime, including tax crime, and drug trafficking proceeds. Authorities note that criminals are increasing their use of remittance transactions and shell companies, and are relying […] Continue Reading »