Belgium Takes Step Towards Combating Financial Crime with New Risk Assessment Templates

In an effort to strengthen its efforts to combat financial crime, Belgium’s Financial Services and Markets Authority (FSMA) has launched a handbook for insurance intermediaries aimed at facilitating comprehensive money-laundering and terrorist financing risk assessments.

New Handbook Released

The newly released guide is available in both French and Dutch, catering to the country’s multilingual population. This valuable resource provides insurance intermediaries with the necessary tools to complete their overall ML/TF (Money Laundering/Terrorist Financing) risk assessment.

Purpose of the Handbook

• Facilitate comprehensive money-laundering and terrorist financing risk assessments
• Identify potential risks associated with money-laundering and terrorist financing
• Enable authorities to take proactive measures in preventing and combating these illegal activities

Accessing More Information

To learn more about this development, readers are encouraged to visit the FSMA’s website for a newsflash available in both French and Dutch languages.