Belgium Publishes Law for the Implementation of the Fifth Anti-Money Laundering Directive

Belgium has published in the Official Gazette the Law of 20 July 2020 containing various provisions for the implementation of the fifth EU anti-money laundering directive. The law includes measures:

• defining which individuals and entities are required to report transactions involving digital currency, including service providers;
• establishing identification requirements for customers and beneficial owners filing returns;
• enhancing due diligence for transactions with high-risk countries and …