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ARTICLE · 12 DECEMBER 2018

Back To 2018 – Forward To 2019

Arendt & Medernach
Arendt & Medernach
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Arendt & Medernach

Arendt & Medernach

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The Luxembourg legal framework relating to AML/CTF has been substantially reshaped during 018 with the implementation into Luxembourg law of Directive ...

European UnionGovernment, Public Sector
Arendt & Medernach
Arendt & Medernach
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Banking & Financial Services

Anti-Money Laundering

The Luxembourg legal framework relating to AML/CTF has been substantially reshaped during 2018 with the implementation into Luxembourg law of Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (4th AML Directive). Such implementation is about to be achieved and has been divided into the following seven pieces of legislation:

  • the law of 23 December 2016 relating to the tax reform which introduced enhanced tax fraud and tax swindle as a new predicate offence to money laundering,
  • the law of 13 February 2018 which has substantially amended the law of 12 November 2004 on AML/CTF (Read more...),

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