Newsletter for AMLCOs: Combatting money laundering and the financing of terrorism (‘AML/FT’)

In this AMLCO Newsletter, the FSMA focuses on the fourth edition of its AMLCO DAY, which took place on 9 October 225. With more than 2000 Dutch- and French-speaking participants, the event - devoted to the sector of intermediaries in life insurance - was a great success.

The FSMA's aim was to raise awareness among AMLCOs at insurance intermediaries of the importance of the overall risk assessment. This is, after all, the starting point for the implementation of the risk-based approach and for an appropriate definition of the organizational framework needed to meet the AML/FT obligations. The Treasury provided explanations regarding the obligations as regards the identification of the ultimate beneficiaries, in connection with the UBO register, and regarding financial sanctions. The Financial Information Processing Unit (FIPU) laid out the principles underlying the submission of high quality suspicious transactions reports via the 'goAML' portal.

The slides (available in Dutch and French) show on the AMLCO Day are available on the FSMA website.