Belgium Country Summary

FATF Status

Belgium is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last follow-up to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Belgium was undertaken by the Financial Action Task Force (FATF) in 2025. According to that Evaluation, Belgium was deemed Compliant for 13 and Largely Compliant for 20 of the FATF 40 Recommendations. It was also been deemed Highly Effective for 0 and Substantially Effective for 2 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Belgium has established a comprehensive legal framework to combat corruption, including strict anti-bribery laws and active participation in international anti-corruption conventions. Despite these measures, challenges remain, particularly in areas such as government procurement and public works, where corruption is reportedly more prevalent, though it has not deterred foreign investment.

The country faces significant issues with organized crime, including human trafficking, drug trafficking, and cybercrime, facilitated by its strategic ports and complex criminal networks involving both domestic and foreign groups. However, Belgium's law enforcement agencies are well-organized and equipped to address these challenges, supported by a strong economy and active civil society efforts to raise awareness and protect vulnerable populations.

Belgium's economy is characterized by its openness and strong connectivity to major global markets, making it an attractive destination for U.S. investors. With a highly educated workforce and robust infrastructure, the country has seen significant investment in various sectors, including chemicals, environmental technologies, and health technologies. However, the economy faced challenges in 2024, with a modest growth rate of 1% and a rising budget deficit, while the introduction of a global minimum tax for multinational corporations signals a shift in the investment landscape.