Article 87 of the Law of 18 September 2017 on preventing money laundering and terrorist financing and restricting the use of cash requires competent authorities to carry out their supervision on the basis of a risk assessment. In order to fulfil this obligation, the Belgian Audit Oversight Board needs, on the one hand, to have a clear view of the ML/FT risks in Belgium, and on the other hand, to determine the frequency and intensity of its supervision based on the risk profile of the obliged entities.
In order to fulfil these requirements, a sectoral risk analysis is required.
Read the Sectoral ML/FT risk analysis 2022 here