Belgium Passes AML Reforms But More Guidance Needed

Belgium achieved its long-awaited transposition of the 4th Anti-Money Laundering Directive (4th AMLD) this week, but legal experts fear the law’s hasty passage will mean more issues down the line.

Following a draft law in February and a final version published earlier this month, Belgium has brought in the directive nearly three months after the June 26 deadline.

Having been pushed through parliament using emergency procedures just 14 days after the final version was published, the law includes some aspects that legal commentators believe may have merited additional scrutiny.

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