EuropeBelgiumLicensed-entity research

KBC Bank NV

KBC Bank NV (a banking legal entity incorporated under Belgian law; distinct from the holding company KBC Group NV)

KBC Bank NV is a Belgian credit institution listed in the ECB supervised entities list and belongs to KBC Group NV, but this file verifies the bank legal entity itself. KBC's published information allows non-Belgian citizens and people who temporarily do not have a permanent address in Belgium to apply for a personal current account from abroad, subject to the bank's acceptance. The page also requires applicants to visit a branch after arriving in Belgium to collect a debit card; this is not a guarantee of account opening for non-residents worldwide.

Regulator: National Bank of Belgium (NBB); under the euro area’s Single Supervisory Mechanism, the ECB directly supervises significant institutions, while the NBB participates in supervision within its remit
Check date: 2026-10-26
Verify status: Some information pending confirmation

Research scope and official resources

Topic number:europe-kbc-bank-nv

From the public selection background of major institutions for 2025/2026 described in the input candidate set, combining S&P total-assets screening with The Banker Tier 1 capital measure. The candidate set is for selection leads only, not a real-time global top 100 ranking, evidence of account opening or proof of licensing.

Bank’s official website

Personal Eligibility and Documents

KBC’s website lists the KBC Basic Account, KBC Plus Account and youth accounts. Individuals must be at least 18 years old to open their own current account; a parent or legal guardian must act for minors. KBC says that applicants can apply online even if they do not have Belgian nationality or a permanent address in Belgium. Its specific guidance for applicants abroad requires applicants to visit a branch after arriving in Belgium to collect their debit card and bring identification and a residence permit. This supports the possibility of applying in advance from abroad for those intending to travel to Belgium, but does not establish that non-residents who will not move to Belgium, all nationalities or all places of residence can open an account or be approved. KBC must confirm in writing its final acceptance criteria, nationality/tax-residency restrictions and eligibility for each personal account type.

Personal information publicly disclosed or identified

【KBC published requirements】KBC’s instructions for applicants abroad require them to visit a branch after arriving in Belgium to collect a debit card and bring identification and a residence permit; this is not a complete account-opening document list.
【General preparation guidance; not a published KBC policy】Prepare a valid passport or national identity document, proof of your current residential address, documents relating to your planned move to or residence in Belgium, and information on all tax-resident jurisdictions and corresponding tax identification numbers. The NBB states that banks verify identity on a risk-based basis and may use official identity documents, passports, or reliable independent sources of information. Confirm individually which documents and formats KBC will ultimately accept.
【To be confirmed】KBC’s public pages do not provide a complete list of whether income, occupation/employer, source of funds, account purpose, proof of a foreign address, or other nationality/tax documents are required.

Company eligibility and documents

KBC publicly offers the KBC Business Pro business account and says it can be applied for online (the page mentions using itsme®). The business account page does not fully specify the eligible legal forms of companies, registered address/country, or the scope of acceptance for foreign legal entities or entities without a Belgian representative. Nor does it publish a qualification table applicable to all foreign businesses. Therefore, only the existence of the product and a publicly available online application channel can be confirmed; the eligibility of any foreign company or company controlled by non-residents cannot be confirmed. Any credit or overdraft facility requires a separate application and KBC approval.

Company information publicly disclosed or identified

【KBC public information】The business account page only specifies online application for Business Pro and mentions itsme®; it does not publish a list of documents for foreign legal entities.
【General preparation guidance; not a published KBC policy】Prepare proof of company registration/existence, articles of association, registered address and business activity information, identification and addresses of directors and authorized signatories, ownership structure and ultimate beneficial owner information, the company’s and controllers’ tax-resident jurisdictions and tax identification numbers, and supporting documents for the expected purpose of the account and source of funds. Belgian UBO registration rules require entities covered by the regime to register and update information on their ultimate beneficial owners; this obligation is not the same as a KBC-specific document list.
【To be confirmed】Confirm with the bank whether foreign registration documents must be certified/translated, whether the company must be registered in Belgium, whether the application must be submitted by a Belgian resident or an itsme holder, and whether KBC accepts customers from the relevant jurisdiction.

Address, tax, and remote / witnessed procedures

Address and tax

Individuals should truthfully declare their current residential address, relocation/residence status, and all tax residencies; businesses should truthfully declare their registered office, operating address, place of incorporation, and tax residencies. The Belgian FPS Finance CRS guidance requires a valid tax-residency self-certification to be obtained when an account is opened and states that financial institutions collect the tax identification number (TIN) of non-Belgian tax residents and fulfil annual reporting obligations; this is not KBC-specific form guidance. Applicants should provide the applicable TIN for each of their tax residencies. Public materials do not fully specify whether a Belgian individual's national register number or a company's registration/tax number must also be submitted, or which proof-of-address formats KBC accepts; confirm these as required by KBC.

Remote / witnessing

KBC's personal account page expressly states that applicants can apply online from abroad, but the published process still requires them to visit a branch after arriving in Belgium to collect a debit card and present identification and a residence permit. KBC's business page states that Business Pro can be applied for online and mentions itsme®, but does not explain how foreign businesses complete identity verification. The available information does not establish that the entire account-opening process can be completed remotely worldwide, nor that third-party witnessing, overseas notarization, or video witnessing can replace KBC's process. KBC's video chat is described as a consultation channel and should not be treated as a witnessing service.

Public process reference

Personal: Select a publicly listed current account product on KBC’s website and submit an online application. Applications are subject to KBC’s review; the specific acceptance criteria and review documents have not been fully published.
Personal overseas application: KBC says that people without Belgian nationality or a permanent address may also apply; after arriving in Belgium, follow the page instructions to book an appointment/visit a branch and collect the debit card with identity documents and a residence permit.
Businesses: Select KBC Business Pro on the website and follow the online application route. The page mentions itsme®. KBC must separately confirm whether overseas companies can apply, what documents are required, how verification is conducted, and the conditions for account activation.
Account-opening time: Public materials do not specify a definite time for KBC’s account-opening review or account activation. The time frame for bank account switching services is not the same as the time required to open a new account.

Compliance topics, details, and sources

Belgian AML/KYC and identity verification

Belgium applies the Anti-Money Laundering Act of 2017/9/18 and NBB rules. The NBB explains that customer and beneficial-owner identification must follow a risk-based approach; financial institutions must collect and verify identity using supporting documents or reliable, independent sources. The types of documents and level of verification depend on the risk and the bank’s internal procedures. Therefore, the NBB’s general examples should not be treated as a fixed KBC checklist for every customer.

Source:National Bank of Belgium — Object of the identification and identity verification ；National Bank of Belgium — Main reference documents on AML

Business UBO, control relationships and source of funds

Belgium’s FPS Finance explains that companies and other legal entities subject to the UBO regime must register their ultimate beneficial owners, update the information when it changes, and confirm it annually. Banks must also verify customers and beneficial owners based on AML risk. KBC may require explanations of ownership, controllers, account purpose, and source of funds, but the documents required and evidentiary standards for foreign companies are not fully disclosed on the pages reviewed.

Source:National Bank of Belgium — Object of the identification and identity verification ；FPS Finance Belgium — Access to the UBO register

Tax residency reporting, CRS, and FATCA

Belgium’s CRS guidance states that a valid tax residency self-certification must be obtained when an account is opened and requires financial institutions to identify tax residence, collect the relevant TIN, and report to the Belgian tax authorities as required by law. Belgium also has a bilateral FATCA arrangement with the United States. The guidance expressly states that the United States is not a CRS participating jurisdiction, so it must not be described as having joined CRS. U.S. status may trigger FATCA self-certification/reporting requirements; the specific KBC forms and processing should be confirmed.

Source:FPS Finance Belgium — Belgian CRS Guidance, Version 2

Belgian, EU, and UN financial sanctions screening

Belgium’s FPS Finance explains that applicable financial sanctions in Belgium may include asset freezes and specific investment/loan/insurance prohibitions, and that all reporting entities must establish effective policies, procedures, and internal controls to comply with financial embargo requirements. This is the jurisdictional baseline; KBC’s specific screening lists, escalation procedures, and case decisions are not disclosed on the product pages reviewed.

Source:FPS Finance Belgium — Financial sanctions

Account Opening Compliance Information

Account Opening Compliance and Document Preparation Guide

This page lists separately the requirements published by the bank, local regulations, and document preparation suggestions. Acceptance and specific requirements are subject to confirmation by the bank.

The subject is Belgian legal entity KBC Bank NV, not its holding company KBC Group NV as the bank receiving applications. KBC’s personal account page says applications can be made from abroad, but applicants must still visit a branch after arriving in Belgium to collect a debit card as described on the page. Eligibility for business applications, the scope of acceptance of foreign legal entities and approval in individual cases have not been confirmed by public information. This guide distinguishes matters expressly stated by the bank, Belgian legal obligations and application-preparation suggestions; no account-opening outcome is guaranteed.

Date information checked:2026-10-26

Document Preparation Checklist

Personal identity, residence and tax information

Who it applies to: Applicants aged 18 or older seeking a personal current account; minors must apply through a parent or legal guardian. Applying online from abroad does not mean the entire account-opening process can be completed remotely.
Documents to Prepare: 【Explicitly stated by KBC】After arriving in Belgium, visit a branch to collect the debit card as instructed on its page, bringing identification and a residence permit; this is not a complete account-opening checklist.
【Preparation suggestion】Prepare a valid passport/national ID, proof of your current residential address, and residence or planned-move-to-Belgium documents. List each tax-resident jurisdiction and applicable tax identification number (TIN).
【To be confirmed】KBC has not published a complete personal KYC form, requirements for proof of a foreign address, document language/certification standards, or a general validity period. Do not assume proof of address must be dated within the last three months.
Description: Only collecting the card at a branch and bringing identification and a residence permit are expressly stated on the page; the rest are preparation suggestions to facilitate verification. Ask KBC about requirements for originals, certified copies, and translations.

Source:KBC — Want to open your account online?；KBC Business — Documentation and anti-money laundering information

Company legal entity, representative, and UBO control chain

Who it applies to: Companies or organizations considering a KBC business account; whether foreign legal entities are eligible has not been publicly disclosed. The following are general preparation suggestions only and do not represent KBC’s checklist.
Documents to Prepare: Prepare the company’s registration/good-standing documents, constitutional documents, director and authorized-signatory details, and signing authorization. Explain the place of registration, place of business, and actual business activities.
Draw an ownership and control structure chart from the applicant company to the ultimate natural persons, and prepare materials supporting UBO information, such as shareholder registers, shareholder agreements or relevant resolutions.
KBC's published anti-money laundering information states that it requests some personal information and documents from customers, agents, representatives, and UBOs, and provides information about UBO declarations and supporting documents; the bank should confirm which forms apply in a particular case.
Description: KBC has not published a list of documents applicable to all foreign companies, legal forms or businesses without a Belgian representative. Requirements for certification, translation, document validity and signing methods are not public.

Source:KBC Business — Documentation and anti-money laundering information；FPS Finance Belgium — Access to the UBO register

Genuine business, source of funds and expected account activity

Who it applies to: Advice for individuals or businesses on explaining the account-opening purpose, source of funds, and planned transactions; this is not a publicly disclosed list of mandatory bank documents.
Documents to Prepare: Prepare a brief funds statement for the intended account: main income/funding sources, expected remitters, main purposes of payments, countries or regions commonly used, and expected transaction patterns.
Depending on the customer type, consider supporting documents such as payroll/tax or asset disposal records. A business may organize recent financial statements, major contracts, invoices, and counterparty information.
For one-off large-value, cross-border, or business-unusual fund flows, keep supporting documents that can be matched to the amount, date, counterparty, and business purpose, so they can be explained if asked.
Description: The above is general RGYS preparation guidance. NBB requires financial institutions to conduct due diligence in accordance with customer risk and the characteristics of the business relationship; this does not mean KBC requires every customer to submit all the listed documents, nor does it imply a uniform minimum deposit.

Source:National Bank of Belgium — Due diligence on business relationships and occasional transactions and detection of atypical facts and transactions

Due diligence and enhanced verification

Identity, Representative Authority, and UBO Verification

Basis for Verification: KBC publicly states that it requests certain information/documents from customers, agents, representatives and UBOs, and may periodically ask them to verify or update them. Entities subject to the applicable Belgian UBO registration requirements must register within 30 days of incorporation, update the information within 30 days of any change, and confirm it annually. Supporting documents may include a register of shareholders, minutes or a shareholders’ agreement.
Preparation recommendation: 【Suggestion】Ensure that company registration, the ownership chart, UBO registration, and the names/shareholdings/control relationships declared to the bank are consistent. Prepare supporting evidence for each level of the control chain and signing authorizations.
Scope: The bank’s statements and Belgium’s UBO regulations are presented separately. Registration obligations apply only to entities legally required to register; UBO registration does not replace the bank’s independent CDD checks.

Source:KBC Business — Documentation and anti-money laundering information；FPS Finance Belgium — Access to the UBO register

Purpose of the business relationship, source of funds and transaction monitoring

Basis for Verification: The NBB explains that Belgian AML law requires financial institutions to conduct ongoing due diligence on business relationships, update identification details and customer-profile information, and review transactions according to individual risk. Transactions inconsistent with a customer’s profile or the purpose or nature of the relationship may be considered unusual. This is a regulatory baseline, not a specific threshold disclosed by KBC.
Preparation recommendation: 【Suggestion】Ensure that the business, transaction volumes, counterparties, and locations described in the account application are consistent with actual account activity. If the business model, main source of funds, or transaction locations change, prepare an updated explanation and supporting documents such as contracts and invoices.
Scope: Belgian laws/regulatory guidance; specific monitoring models, thresholds, document-request deadlines, and KBC’s internal risk appetite have not been made public.

Source:National Bank of Belgium — Due diligence on business relationships and occasional transactions and detection of atypical facts and transactions

PEP and sanctions screening

Basis for Verification: KBC's published anti-money laundering information explains PEP declarations and requires relevant customer due diligence information; the page does not state that every applicant must complete a specific PEP form or disclose KBC's detailed screening process. PEP status alone does not mean that a person is a sanctions target or will automatically be refused.
Preparation recommendation: 【Suggestion】If you, a UBO, or a representative is a politically exposed person or has a relevant connection, disclose this accurately on the bank’s forms and prepare explanations of the position/relationship, source of wealth, and source of funds for the transaction. Provide accurate information about counterparties and beneficiaries as requested.
Scope: The PEP declaration is mentioned on the KBC page as a bank document; general preparation guidance should not be misrepresented as a uniform mandatory document checklist. Case-specific procedures are not publicly disclosed.

Source:KBC Business — Documentation and anti-money laundering information；National Bank of Belgium — Due diligence on business relationships and occasional transactions and detection of atypical facts and transactions

Tax residency and cross-border customer information

Basis for Verification: The KBC public materials reviewed do not list a tax self-certification form, TIN rules or a country/region acceptance list applicable to all individuals or businesses; Belgian general regulations therefore cannot be used to infer that KBC accepts any overseas applicant.
Preparation recommendation: 【Suggestion】List all of the individual’s tax-resident jurisdictions and TINs. For a company, list its place of registration, actual place of business, tax-resident jurisdictions, and related tax identification numbers, and prepare an explanation of the applicant’s connection to Belgium. If U.S. tax status is relevant, confirm separately at the time of appointment which forms and procedures KBC applies.
Scope: For document-preparation suggestions and information gaps in public disclosures only; these are not KBC’s published account-opening requirements and do not constitute tax advice.

Source:KBC — Want to open your account online?；KBC Business — Documentation and anti-money laundering information

Ongoing Compliance Requirements After Account Opening

Respond to KBC's document review and update customer information promptly

KBC says that customer information changes over time, so it periodically asks customers to verify and, where necessary, update it. Failure to complete verification on time may result in restrictions on or freezing of the relevant banking/insurance products and authorisations held by the customer. KBC has not published a uniform review cycle, response deadline or update channel.

Source:KBC Business — Documentation and anti-money laundering information

Keep account activity consistent with the business declared and retain transaction documents

NBB regulatory guidance requires financial institutions to conduct ongoing due diligence and review transactions. Customers should retain contracts, invoices, evidence of source of funds, and proof of transaction purpose, and be ready to provide a clear explanation if a transaction is inconsistent with existing customer information. This does not mean that KBC has publicly disclosed fixed transaction limits or a specific deadline for providing additional documents.

Source:National Bank of Belgium — Due diligence on business relationships and occasional transactions and detection of atypical facts and transactions

Applicable entities maintaining the Belgian UBO register

Entities required by law to register must update their UBO information within 30 days of a change and confirm the registered information annually, even if there have been no changes. This statutory obligation is separate from how often KBC requires customers to review their information.

Source:FPS Finance Belgium — Access to the UBO register

Please confirm with the bank before booking

Will KBC Bank NV accept an application based on my current country of residence/incorporation, nationality, and intended account type? Does the option to apply from abroad for an individual account still require relocation or other procedures in Belgium?
For an individual to collect a debit card after arriving in Belgium, is an appointment at a designated branch required? Which identity documents and residence permits are accepted, and are additional address or tax documents required?
Does the business account accept this place of registration and company form? Does it require Belgian registration/address, a specific electronic identity (such as itsme) or a local signatory?
What evidence is required for the company’s UBOs, directors and authorised signatories? Must foreign incorporation documents be certified or translated, and which languages and document date ranges does the bank accept?
Which applicants need to provide a PEP declaration, tax residence/TIN self-certification, and evidence of source of funds? How are post-opening document reviews usually notified, through which channels can information be updated, and is there a response deadline?

Not confirmed by public information

KBC has not published complete eligibility rules covering all countries/regions, non-residents abroad or accounts for foreign legal entities. The bank’s case-by-case acceptance and internal risk appetite are not public.
Confirm with KBC the complete personal/business account-opening document checklist, document certification and translation requirements, proof-of-validity period, alternatives for remote identity verification, review cycle and deadline for providing additional documents.
The pages reviewed do not provide account-opening review times, minimum deposits, account-opening fees or service limits applicable to all products; do not infer them.

Sources & Scope of Verification

KBC — Want to open your account online?
KBC personal account types, the age at which individuals can open an account independently, and information on online applications from abroad; the page expressly states that after arriving in Belgium, applicants must visit a branch to collect a debit card and bring identification and a residence permit. The page is not a complete KYC checklist and does not guarantee that all non-residents will be approved.
KBC Business — Documentation and anti-money laundering information
KBC expressly states that it requests certain personal information and documents from customers, agents, representatives and UBOs, and may periodically ask them to verify/update them. Failure to complete verification on time may restrict the relevant products and authorisations. The page lists information about UBO declarations, supporting documents and PEP declarations, but does not provide a complete account-opening checklist that applies to all customers.
National Bank of Belgium — Due diligence on business relationships and occasional transactions and detection of atypical facts and transactions
The NBB explains ongoing AML due diligence in Belgium, updating customer information, risk-based transaction checks, and identifying unusual transactions. This is regulatory guidance; it does not disclose KBC’s internal monitoring parameters or case-specific limits.
FPS Finance Belgium — Access to the UBO register
Registration deadlines for entities subject to Belgium’s UBO register, updates within 30 days of a change, annual confirmation, and examples of acceptable supporting evidence; this registration obligation does not replace KBC’s own verification of beneficial owners.

Fees and timelines

The page for the KBC Brussels Plus Account with an attached KBC Brussels credit card lists a price of EUR 4.25 per month for this specific product, verified on the official website on 2026-10-26; fees may change, and this does not represent the fees for all KBC accounts. The materials reviewed do not specify a definite review time for new accounts, a uniform minimum deposit/balance, an account-opening fee, or limits applicable to all products. These must not be inferred and should be confirmed with the bank for the intended product.

Limitations and practical considerations

KBC says that people without Belgian nationality or a permanent address in Belgium can apply online, but does not promise approval for all non-residents abroad, countries/regions or applicants. Individual applicants must meet KBC’s review and identity-verification requirements.
The official instructions for applying from abroad require visiting a branch after arriving in Belgium to collect the debit card, bringing identification and a residence permit. This does not mean that the entire account-opening process can be completed remotely from abroad.
KBC Business Pro's online portal does not publish eligibility rules for foreign-incorporated legal entities, businesses without a Belgian address, or different company forms; the scope of acceptance, itsme requirements, and documents should be confirmed in writing.
KBC, KBC Brussels, and CBC product pages reflect different regional/brand portals; the eligibility or pricing on one product page must not be generalized to all KBC entities, regions, or products.
The website reviewed is not a current account-opening channel that Rengangyongsheng can book or arrange on the applicant’s behalf. Confirm eligibility, current documents and fees directly with KBC; provide truthful information and comply with the bank’s AML/KYC review. Screening should not be circumvented.

Licensing evidence and regulatory verification

As of 2026-10-26, the ECB List of supervised entities was checked. The version current as of the group restructuring on 2026-09-01 listed KBC Bank NV as a CI (credit institution) under KBC Group NV (MFH), with Belgium as the country. The ECB index states that its list of supervised entities reflects supervisory decisions that have taken effect. KBC’s official legal information separately states that KBC Bank NV was established under Belgian law and that its Dublin Branch is authorized in Belgium by the NBB. The regulatory list verifies that KBC Bank NV is a named supervised credit institution; this is not an inference based solely on the list’s entry point. Public materials did not provide a separate license number or full licensing conditions, so none is invented here, and KBC Group NV, the holding company, is not identified as the licensed bank.

National Bank of Belgium (NBB); under the euro area’s Single Supervisory Mechanism, the ECB directly supervises significant institutions, while the NBB participates in supervision within its remit Official registration or record

Information sources

KBC Banking & Insurance — Open an account online
KBC publicly lists Basic/Plus and youth current accounts, states that individuals must be at least 18 years old to open an account and that a parent or guardian must act for minors, and provides an application approval notice. The website says that people without Belgian nationality or a permanent address in Belgium can also apply online, and states that after arriving in Belgium they must visit a branch to collect their debit card and bring identification and a residence permit. The page also identifies KBC Bank NV as the card-issuing/lending entity.
KBC Brussels — KBC Brussels Plus Account for expats
The specific KBC Brussels Plus account page states that an application can be made online from abroad, even without Belgian nationality or a permanent address in Belgium. After arriving in Belgium, the applicant must visit a branch to collect the debit card. The page lists a monthly fee of 4.25 euros for the KBC Brussels credit card included with this product and identifies KBC Bank NV as the card-issuing/lending entity. The pricing applies only to the product described on that page.
KBC — Open a business account
KBC publicly lists its Business Pro business account and online application portal, mentions itsme®, and states that business overdrafts are subject to approval by KBC Bank NV. The page does not publish eligibility for foreign-incorporated companies or complete business account-opening documentation; acceptance of any foreign legal entity must not be inferred from the product description.
ECB Banking Supervision — List of supervised entities, October 2026
The cover of the official list of supervised entities states that the cutoff date for changes to the group structure is 2026-09-01. In the Belgium section, KBC Group NV is listed as MFH, and KBC Bank NV is listed under that group as CI, with Belgium as the country. This record supports verification of the supervised credit institution’s legal name; it does not provide a separate license number not shown in this record.
National Bank of Belgium — Credit institutions
The NBB explains that prudential supervision of Belgian credit institutions is carried out by the NBB and the ECB under the Single Supervisory Mechanism, according to their respective responsibilities. The ECB directly supervises significant institutions, while the NBB is responsible for the prudential supervision of less significant institutions. This page explains the division of responsibilities between competent authorities; it is not, on its own, a record confirming KBC’s legal registration.
KBC — Legal information for KBC Bank NV Dublin Branch
KBC’s official legal information states that KBC Bank NV is incorporated under Belgian law and has its registered address at Havenlaan 2, 1080 Brussels. It also states that its Dublin Branch in Ireland is authorised in Belgium by the NBB and is separately subject to consumer-protection supervision by the Central Bank of Ireland. This distinction is provided to differentiate the Belgian bank legal entity from its foreign branch; the Irish branch is not treated as the subject of this profile.
National Bank of Belgium — Object of the identification and identity verification
The NBB explains risk-based identification and verification of customers, agents, and beneficial owners under Belgian AML law. Official identity documents, passports, and reliable independent sources may be used; the bank’s internal procedures determine which evidence is acceptable and the level of verification required. This is not a document checklist specific to KBC.
National Bank of Belgium — Main reference documents on AML
The NBB lists current Belgian national-level reference laws, including the Anti-Money Laundering Act of 2017-9-18 (unofficial coordinated version up to 2023-2) and the NBB Anti-Money Laundering Regulation of 2017-11-21, as well as currently effective regulatory notices.
FPS Finance Belgium — Access to the UBO register
Belgium’s FPS Finance explains that entities subject to the requirements must register their UBO within 30 days of establishment and confirm the information annually, updating it when it changes and possibly submitting supporting documents. The website also states that financial reporting entities have AML obligations to verify customer beneficial owners.
FPS Finance Belgium — Belgian CRS Guidance, Version 2
Belgian tax authority guidance states that a valid CRS self-certification must be obtained when an account is opened, the account holder’s tax residence identified, and the TIN collected; it explains that Belgium has a bilateral FATCA arrangement with the United States and that the United States is not considered a CRS participating jurisdiction.
FPS Finance Belgium — Financial sanctions
Belgium’s FPS Finance explains that financial sanctions may include asset freezes and restrictions on investments, loans, and other activities, and requires all reporting entities to implement effective policies, procedures, and internal controls to comply with binding financial embargo rules.