Authors: Florence Danis, Zoë Deblander

New regulation on anti-money laundering for real estate agents

On 1 April 2022, Belgium adopted a Royal Decree pursuant to the Act of 18 September 2017 on the prevention of money laundering and terrorist financing and the restriction on the use of cash, approving a new regulation for real estate agents – NL/FR.

The 2022 Regulation repeals the previous regulation approved by the Royal Decree of 30 July 2013, eliminates the overlaps that existed between the 2013 Regulation and the 2017 AML Act, and imposes additional AML obligations on real estate agents. The 2022 Regulation, published on 2 May 2022, will enter into force on 1 July 2022.