{"id":12220,"date":"2026-09-01T15:34:21","date_gmt":"2026-09-01T13:34:21","guid":{"rendered":"https:\/\/becobra.be\/fsma-gaat-kennis-en-deskundigheid-van-amlcos-toetsen\/"},"modified":"2026-09-01T16:05:05","modified_gmt":"2026-09-01T14:05:05","slug":"fsma-to-assess-amlcos-aml-cft-expertise-and-knowledge","status":"publish","type":"post","link":"https:\/\/becobra.be\/en\/fsma-to-assess-amlcos-aml-cft-expertise-and-knowledge\/","title":{"rendered":"FSMA to assess AMLCOs\u2019 AML\/CFT expertise and knowledge"},"content":{"rendered":"\n

The FSMA has announced that, in the coming months, it will assess the level of AML\/CFT expertise and knowledge of AML Compliance Officers (AMLCOs) at insurance intermediaries.<\/p>\n\n\n\n

Selected insurance intermediaries will be informed by letter. The assessment will take the form of an interview with the AMLCO at the FSMA\u2019s offices and will cover the AML\/CFT legal and regulatory framework currently in force.<\/p>\n\n\n\n

What is expected of an AMLCO?<\/strong><\/strong><\/h2>\n\n\n\n

An insurance intermediary subject to the AML\/CFT Law must itself ensure that its AMLCO is suitable to perform the function. The AMLCO must, among other things, have:<\/p>\n\n\n\n

    \n
  • the necessary professional repute;<\/li>\n\n\n\n
  • appropriate expertise and knowledge of the Belgian AML\/CFT legal and regulatory framework;<\/li>\n\n\n\n
  • sufficient time to perform the function effectively;<\/li>\n\n\n\n
  • an appropriate level of seniority and the necessary powers within the undertaking;<\/li>\n\n\n\n
  • sufficient autonomy to propose the measures and resources required to ensure effective compliance with AML\/CFT obligations.<\/li>\n<\/ul>\n\n\n\n

    There is no separate formal qualification or examination requirement for the AMLCO.<\/p>\n\n\n\n

    In previous discussions on these requirements, the FSMA referred us to the EBA Guidelines on AML\/CFT compliance officers as a useful source for their interpretation. Although the EBA is not the competent supervisory authority for our sector, these Guidelines provide further guidance on what appropriate expertise and knowledge may entail.<\/p>\n\n\n\n

    This includes not only knowledge of AML\/CFT legislation and regulation, but also:<\/p>\n\n\n\n

      \n
    • knowledge and experience of implementing AML\/CFT processes, procedures and controls;<\/li>\n\n\n\n
    • sufficient knowledge and understanding of the ML\/TF risks associated with the undertaking\u2019s business model;<\/li>\n\n\n\n
    • relevant experience in identifying, assessing and managing those risks.<\/li>\n<\/ul>\n\n\n\n

      What does the announced assessment mean?<\/strong><\/strong><\/h2>\n\n\n\n

      The legal requirements remain unchanged, but the FSMA has now announced that it will specifically assess the AML\/CFT expertise and knowledge of AMLCOs at selected insurance intermediaries.<\/p>\n\n\n\n

      The FSMA therefore asks intermediaries to review their AMLCO\u2019s level of expertise and knowledge in advance and to take appropriate measures where any deficiencies are identified.<\/p>\n\n\n\n

      In addition to the applicable legal provisions and the EBA Guidelines, members may also consult the AML\/CFT information available on the FSMA website, including the documentation from the AMLCO Days, which covers various aspects of the AML\/CFT framework and its practical implementation.<\/p>\n\n\n\n

      The FSMA points out that serious deficiencies may lead to supervisory measures, including the replacement of the AMLCO or the suspension of the insurance intermediary\u2019s life insurance activities.<\/p>\n\n\n\n

      More information<\/strong><\/strong><\/h3>\n\n\n\n
        \n
      • the FSMA newsletter on the announced assessment;<\/li>\n\n\n\n
      • the EBA Guidelines on AML\/CFT compliance officers.<\/li>\n<\/ul>\n\n\n\n

        <\/p>\n","protected":false},"excerpt":{"rendered":"

        The FSMA has announced that, in the coming months, it will assess the level of AML\/CFT expertise and knowledge of AML Compliance Officers (AMLCOs) at insurance intermediaries. Selected insurance intermediaries will be informed by letter. The assessment will take the form of an interview with the AMLCO at the FSMA\u2019s offices and will cover the […]<\/p>\n","protected":false},"author":3,"featured_media":8188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[83,91],"rol":[81],"class_list":["post-12220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-affairs-and-compliance","tag-private","tag-slotje","rol-standaard-lid"],"acf":[],"_links":{"self":[{"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/posts\/12220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/comments?post=12220"}],"version-history":[{"count":2,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/posts\/12220\/revisions"}],"predecessor-version":[{"id":12228,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/posts\/12220\/revisions\/12228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/media\/8188"}],"wp:attachment":[{"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/media?parent=12220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/categories?post=12220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/tags?post=12220"},{"taxonomy":"rol","embeddable":true,"href":"https:\/\/becobra.be\/en\/wp-json\/wp\/v2\/rol?post=12220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}