Financial sanctions

Financial sanctions are restrictive measures taken against the government of third countries, persons or entities (such as terrorist organisations) in order to stop several types of criminal behaviour.

They are often part of a larger system of sanctions which also includes other restrictive measures such as for instance embargos on the importation and exportation of some products (such as weapons or nuclear technology) or limitations as regards visa or travel.

Sanctions can be decided at different levels:

  • international;
  • european;
  • national

In practice

The General Administration of Treasury is in charge of:

  • requests for derogation as regards the freezing of funds;
  • publication of Royal Decrees for the national terrorist list;
  • immediate publication of Ministerial Decrees;
  • handeling of information;
  • checking the cases of homonymy

CONSOLIDATED LIST OF THE NATIONAL BELGIAN LIST AND OF THE LIST OF EUROPEAN SANCTIONS

The updated list is available  here (XLSX, 504.27 KB).

The XML file of the updated list is available  here. (ZIP, 440.09 KB)

INFORMATION REQUIREMENT

Information requirements are mentioned within the framework of every international, European and national financial sanction. As provided for in European regulations and in Art.8 of the Royal Decree of December 28th 2006 financial institutions are required to inform the General Administration of the Treasury of any information as regards frozen accounts and other funds or economic resources.
This compulsory information should be transmitted as soon as a specific embargo procedure is applied and this, even if no client has been identified in the aforementioned consolidated list.
 
Every information can be transmitted by e-mail to the following address: questfinvragen.tf@minfin.fed.be.