News & Warnings

Financial sanctions and the obligations under the anti-money laundering legislation

News article

The FSMA is launching a series of animated films (available in French and Dutch only) about the rules intended to combat money laundering and terrorist financing. The films are intended to help insurance intermediaries to apply the anti-money laundering rules correctly.

Via a new series of animated films, the FSMA seeks to raise the awareness of insurance intermediaries active in the field of life insurance of the risks they are may encounter regarding money laundering and terrorist financing.

This film (available in French and Dutch only) explains the concept of ‘financial sanctions’ and sets out the obligations that arise from the detection of a person or entity to whom such sanctions apply.