COVERAGE

Your Trusted Compliance Solution for Belgium

Built for Belgium’s financial and regulatory frameworks, our platform delivers reliable, secure AML/CFT support to keep your organisation protected and compliant.

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Who are the regulators in Belgium?

CTIF-CFI (Belgian Financial Intelligence Processing Unit)

Belgium’s FIU (Financial Intelligence Unit) is responsible for receiving, analysing, and forwarding suspicious transaction information to law enforcement agencies for further investigation.

FSMA (Financial Services and Markets Authority)

The FSMA oversees most financial institutions in Belgium, ensuring they comply with AML/CTF regulations and maintain effective measures against financial crime.

National Bank of Belgium (NBB)

The NBB supervises banks and other financial entities for AML/CTF compliance through on-site and off-site inspections, reviewing institutional reports, and issuing administrative sanctions when breaches occur.

Who is regulated in Belgium?

Financial Institutions (FIs)

Who are classified as FIs?

Banks
Payment and e-Money Institutions
Investment Firms
Insurers
Crypto/Virtual Asset Service Providers (VASPs)

Designated Non-financial Businesses and Professions (DNFBPs)

Who are classified as DNFBPs?

Real Estate Agents
Dealers in High Value Goods
Lawyers
Accountants
Notaries

Expectations for regulated firms

Apply a risk-based approach to customers, products and channels; perform Customer Due Diligence (CDD), beneficial-owner checks, ongoing transaction monitoring, and file Suspicious Transaction Reports (STRs) to CTIF-CFI.

AML/KYC Checklist for Belgium

  • Verify identity of natural and legal persons and identify beneficial owners.
  • Complete risk profiling (PEPs, sanctions, jurisdiction, product/channel).
  • Apply Enhanced Due Diligence for high-risk relationships and obtain source-of-funds when required.
  • Record and retain CDD documentation and screening evidence per statutory retention rules.

Supervision & Enforcement

CTIF-CFI (FIU) receives and analyses STRs and forwards intelligence to law enforcement and prosecutors

Financial supervisors (NBB, FSMA and sectoral supervisors) conduct on-site/off-site inspections, issue guidance, and can impose remedial measures or administrative sanctions for non-compliance.

Supported ID documents from Belgium

National ID

Idenfo can verify the Belgian eID, issued by the Federal Public Service Interior, ensuring accurate data matching and full compliance with Belgian regulatory requirements.

Document Verification

  • Evaluates document quality by checking for glare or blur.
  • Identifies any signs of tampering or forgery within the document.
  • Confirms the authenticity of hologram prints.
  • Extracts key data using optical character recognition (OCR).

NFC Scanning

  • Reads data from the identity card's NFC chip.
  • Verifies the NFC chip data for integrity and authenticity.

Belgian Passport

Idenfo verifies Belgian passports issued by the Federal Public Service Foreign Affairs, confirming the holder’s name, date of birth, and contact details as part of Enhanced Due Diligence for KYC in Belgium.

Document Verification

  • Evaluates document quality by detecting glare or blur.
  • Identifies potential tampering or forgery.
  • Verifies the document’s format for accuracy.
  • Cross-checks data against the MRZ code and hologram.

NFC Scanning

  • Reads data from the passport's NFC chip.
  • Verifies the NFC chip data for integrity and authenticity.

How it works

Document Capture

Scan and extract key identity details from official documents.

Liveness Check

Ensure the person is real and matches their verified ID photo.

Data Verification

Cross-check personal details against trusted government sources.

Risk Screening

Assess AML and sanctions risks before onboarding customers.

User Authentication

Simplify returning logins with secure biometric authentication.

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