Banks encouraged to exchange information on assumed terrorists
Wednesday, 21 December 2016
The Anti-money laundering Unit is requesting that the government encourages banks to intensify their collaboration, in the fight against the financing of terrorism. This is reported in L’Echo today (Wednesday).
The implementation of a very strict system of exchanging information, under very stringent conditions, is currently being studied. Philippe de Koster, the President of the Anti-Money Laundering Unit has said this.
Febelfin, Belgium’s financial sector federation has confirmed that it is open to such collaboration.
Information relating to some 9.9 million euros of funds, suspected of being used to finance terrorism, has been sent to the Belgian courts. This is five times the amount indicated in 2011.
More than 400 suspicious accounts were communicated in 2015 and 2016 to the Anti-Money Laundering Unit, following the production of reliable evidence.