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draft bill to introduce IBAN name checks in Belgium

News -
20 December 2021

On 27 October 2021, a draft bill was introduced that will oblige banks to check with each transfer whether the IBAN account number and the name of the beneficiary match, similar to the 'IBAN-Naam Check' in the Netherlands and the 'Confirmation of Payee' in the UK.

 
 
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