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ARTICLE · 30 OCTOBER 2020

EU Decision On Rules Concerning The EU Commission Data Protection Officer

ELVINGER HOSS PRUSSEN, société anonyme
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Further specification of AML/CFT obligations.

European UnionGovernment, Public Sector
Elvinger Hoss Prussen
Elvinger Hoss Prussen

Professionals must update their AML/CFT policies and procedures to take account of recent modifications to the AML Grand-Ducal Regulation and AML CSSF Regulation and review the impact on their arrangements with delegates and agents.

Following the recent amendment of the AML legal framework in the context of the transposition of AMLD5 (see our Newsflash on this topic), two level two texts further specifying the obligations of professionals were published:

  • Grand-ducal Regulation of 14 August 2020 amending Grand-ducal Regulation of 1 February 2010 providing details on certain provisions of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended ("AML GDR"); and

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