Droit bancaire


American Belgians risk losing their Belgian bank account in 2020

American Belgians risk losing their Belgian bank account in 2020
26/08/2019

As recently communicated in the Belgian media, Belgians with the American nationality risk losing their Belgian bank accounts because of the strict application of the U.S. FATCA-legislation. In application of the FATCA (Foreign Account Tax Compliance Act), which is also applicable in relation to U.S. citizens residing in Belgium, financial institutions outside the U.S. (such as Belgian banks), must provide specific data to the U.S. Tax Authorities (IRS) about the bank accounts of these American nationals

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Serment bancaire et régime disciplinaire

Serment bancaire et régime disciplinaire
11/07/2019

Une loi du 22 avril 2019 modifie la loi du 25 avril 2014 relative au statut et au contrôle des établissements de crédit et des sociétés de bourse en vue d'instaurer un serment bancaire et un régime disciplinaire.

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2019, the year of truth for open banking (RTS - SCA)

2019, the year of truth for open banking (RTS - SCA)
29/01/2019

In the world of Payments and FinTech, PSD2 has been a hot topic for several years now. Last year was already a crucial year with the transposition deadline of this directive scheduled for 13 January 2018.

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Brexit Financial institutions wishing to continue doing business in the UK must apply for permission by 28 March 2019

Brexit Financial institutions wishing to continue doing business in the UK must apply for permission by 28 March 2019
28/01/2019

Given the latest political developments in the UK, a hard Brexit is becoming a more tangible reality. Belgian financial institutions doing business in the UK will be severely affected in a no-deal scenario

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Mr. Jan Peeters
Mr. Jan Peeters

Ultimate Beneficial Owners Register operational as of today – Compliance required by 31 March 2019
27/09/2018

he Anti-Money Laundering Act of 18 September 2017 (the “AML Act”) set up a central register at the Treasury Administration(the “UBO Register[1]”) to which all Belgian companies (and certain other legal entities) have to provide information on their Ultimate Beneficial Owner (“UBO”).

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Mr. Luc Germonpré

Le registre UBO - où en est-on?
14/09/2018

La loi du 18 septembre 2017 relative à la prévention du blanchiment de capitaux et du financement du terrorisme et à la limitation de l'utilisation des espèces transpose en droit belge la Quatrième directive européenne 2015/849 sur le blanchiment d’argent.

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Belgian Entities Required to Disclose their UBOs before 30 November 2018

Belgian Entities Required to Disclose their UBOs before 30 November 2018
28/08/2018

This newsletter gives a brief overview of the practical aspects of a new obligation for Belgian entities to gather information about their ultimate beneficial owners (UBOs) and enter it in a central UBO register.

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The upcoming UBO register : summary of the obligations of Belgian companies

The upcoming UBO register : summary of the obligations of Belgian companies
22/08/2018

As a result of the implementation of the 4th (and already, in part, 5th) EU Anti-Money Laundering Directive(s) into Belgian law, companies incorporated in Belgium and other legal entities are required to identify

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Virtual Currencies: No longer a Game without Frontiers

Virtual Currencies: No longer a Game without Frontiers
13/07/2018

On 19 April 2018, the European Parliament adopted the proposal for the fifth Anti-money Laundering (AML) Directive, which will make a number of changes to the fourth AML Directive, implemented in Belgium by the Anti-money Laundering and Terrorist Financing Act and in effect since 16 October 2017.

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Financial Sector & Services Supervision:  Still Evolving as Quickly as 15 Years Ago

Financial Sector & Services Supervision: Still Evolving as Quickly as 15 Years Ago
21/06/2018

The Act of 2 August 2002 on the supervision of the financial sector and financial services (“Loi relative à la surveillance du secteur financier et aux services financiers/ Wet betreffende het toezicht op de financiële sector en de financiële diensten”) (the "Financial Sector Supervisory Act”) was the result of many years of reflection and negotiation within and by the financial sector.

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