Risk-based approach and overall risk assessment
Legal and regulatory framework
- Anti-Money Laundering Law
- Article 7: risk-based approach
- Articles 16 to 18 and Annexes I to III: overall risk assessment
- Anti-Money Laundering Regulation of the NBB
- Articles 3 and 5: overall risk assessment by financial institutions
- Article 6: overall risk assessment at group level
Supranational risk assessment (SNRA)
- Report from the Commission to the European Parliament and the Council dated 27 October 2022 on the assessment of the risks of money laundering and terrorist financing affecting the internal market and relating to cross-border activities
- EBA Opinion dated 3 March 2021 on the risks of money laundering and terrorist financing affecting the Union’s financial sector
Sectoral risk assessment
- Sectoral assessment of the risks of money laundering and terrorist financing in Belgian financial institutions subject to the supervisory authority of the National Bank of Belgium 2023
- Sectoral assessment of the money laundering risks in the Belgian financial sector subject to the supervisory authority of the National Bank of Belgium – version of 8 September 2020
Risk factors to be taken into account
- Opinion dated 13 July 2023 and Report on money laundering and terrorist financing risks affecting the EU’s financial sector
- Report dated 16 June 2023 on ML/TF risks associated with payment institutions
- EBA ML/TF Risk Factors Guidelines EBA/GL/2021/02 dated 1 March 2021 (consolidated version resulting from Guidelines EBA/2023/03 dated 31 March 2023)
Other reference documents
- FATF Guidance dated 26 October 2018 for a Risk-Based Approach for the Securities Sector
- FATF Guidance dated 25 October 2018 for a Risk-Based Approach for the Life Insurance Sector
- BCBS Guidelines dated January 2014 on Sound management of risks related to money laundering and financing of terrorism (revised in July 2020)
- ESAs Guidelines dated 7 April 2017 on risk-based supervision
- FATF Guidance dated 23 February 2016 for a Risk-Based Approach for Money or Value Transfer Services
- FATF Guidance dated 23 October 2015 for a Risk-Based Approach: Effective Supervision and Enforcement by AML/CFT Supervisors of the Financial Sector and Law Enforcement
- FATF Guidance dated 27 October 2014 for a Risk-Based Approach for the Banking Sector
Disclaimer: This English text is an unofficial translation and may not be used as a basis for resolving any dispute.