Identification and reporting duty

Within the framework of combatting money laundering practices and terrorist financing, the Belgian legislature has introduced for lawyers (amongst other professionals) a legal duty to identify their clients. Furthermore, a reporting duty applies when there is a suspicion of money laundering. In Belgium there are indicators that clarify when this reporting duty arises. Such a report is necessarily made without the involved client being informed about it. Contact your advisor if you have questions regarding the identification and/or reporting duty.