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Belgium's Robust AML Regime

Aarti Maharaj | April 29, 2015

Belgium is staying ahead of the game with a robust anti-money laundering and counter-terrorist financing (AML/CFT) system, according to a recent study by the Financial Action Task Force (FATF). While the global organization praises Belgium’s AML/CFT efforts, the report notes that there’s still some room for improvement. 

The study titled, “Mutual Evaluation Report of Belgium,” states that the country has established “the core elements of a sound anti-money laundering regime”. Under the system, Belgium applies its understanding of AML/CFT risks to develop initiatives that address AML/CFT activities.

In money laundering cases, Belgium’s...

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