Basic Banking Law News Today

Belgium’s parliament has voted in favor of a new banking law, paving the way for easier access to financial services among Antwerp’s diamond dealers.The Basic Banking Law, which must still pass further obstacles, guarantees fundamental banking services to all Belgian companies. Businesses that...

Dealers in the global hub of the trade in diamonds claim EU rules against money laundering are being used to discriminate against them. Around two-thirds of them have had their US dollar accounts frozen by their banks.