The Belgium Financial Services and Markets Authority (FSMA) published a report summarising the results of its inspections of eight currency exchange offices registered in Belgium, focused on compliance with legislation to prevent money laundering and terrorist financing (ML/FT). The inspections were stated to cover the entire Belgian sector of currency exchange offices. The report sets out key elements of the applicable legal framework, highlights the most significant observations from the inspections, and identifies good practices intended to support compliance with preventive ML/FT requirements.
Belgium Financial Services and Markets Authority 2025-01-24
Belgium Financial Services and Markets Authority publishes ML and TF inspection observations for currency exchange offices
The Belgium Financial Services and Markets Authority (FSMA) released a report on inspections of eight currency exchange offices in Belgium, assessing compliance with anti-money laundering and terrorist financing legislation. The report outlines the legal framework, significant findings, and good practices to enhance compliance.