Client identification

In the context of the fight against money laundering, the European Parliament adopted a Directive at the end of 2001 (No. 2001/97/EC) which extends the identification and the reporting obligations for unusual transactions. As a result of this extension, the Act of 11 January 1993 on the prevention of money laundering also applies to legal services from 2 February 2004. The obligations require lawyers, in certain circumstances, to identify a client before providing their services and to store the identification evidence. This applies to natural persons, legal entities, and client representatives.

If you have any questions about the implementation of the Act on the prevention of money laundering by the lawyers of Loyens & Loeff, please direct them, preferably by email, to Wilfred Goris  or Jan Van Besien .