RegAlert2012-08-02
Added
Royal Decree of 2 June 2012 adapting the list of entities subject to the Law of 11 January 1993 on the prevention of the use of the financial system for money laundering and terrorist financing
This Royal Decree amends Article 2, § 1, 4°ter, of the Law of 11 January 1993 to explicitly include payment institutions under Belgian law, their Belgian branches, and payment institutions from other EEA states offering services in Belgium via a stable establishment. These entities are now subject to the anti-money laundering and terrorist financing obligations of the 1993 Law, including the requirement to report suspicious transactions to the Financial Information Processing Cell. The decree clarifies that payment institutions operating through agents in Belgium constitute a stable establishment subject to territorial application of the law, without imposing an obligation to physically establish a branch.
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FEDERAL PUBLIC SERVICE FINANCES
AND FEDERAL PUBLIC SERVICE JUSTICE
N. 2012 — 2242 [C − 2012/03183]
2 JUNE 2012. — Royal Decree adapting the list of undertakings subject to the Law of 11 January 1993 on the prevention of the use of the financial system for money laundering and terrorist financing
ALBERT II, King of the Belgians,
To all present and future, Greetings.
Having regard to the Law of 11 January 1993 on the prevention of the use of the financial system for money laundering and terrorist financing, Article 37, § 4, inserted by the Law of 18 January 2010 and amended by the Royal Decree of 3 March 2011;
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Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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