Duty to identify

With the Belgian Act of January, 12 2004 to prevent the use of the financial system for money laundering and the financing of terrorism, the Belgian legislator has extended the obligation to identify and report unusual transactions to the services provided by lawyers.

This law entered into force on February 2, 2004.

Since then, Belgian solicitors are legally required to identify their clients under certain circumstances and to keep proof of and report suspicious transactions to the Dean who will forward this information to the Financial Information Processing Unit.