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ARTICLE · 15 SEPTEMBER 2020

New CAA AML/CTF Regulation

Arendt & Medernach
Arendt & Medernach
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The Commissariat aux Assurances (the "CAA") has just published a new regulation relating to the fight against money laundering and terrorist financing ("AML/CTF"):..

European UnionGovernment, Public Sector
Pierre-Michael De Waersegger
Pierre-Michael De Waersegger
Emmanuelle Mousel
Emmanuelle Mousel
Helena Finn
Helena Finn
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The Commissariat aux Assurances (the "CAA") has just published a new regulation relating to the fight against money laundering and terrorist financing ("AML/CTF"): Regulation No. 20/03 of 30 July 2020 (the "New Regulation").

The aim of the New Regulation is to replace and repeal the amended CAA Regulation No. 13/01 of 23 December 2013 on the fight against money laundering and terrorist financing (the "13/01 Regulation") following the legislative changes resulting from the implementation of EU Directive 2015/849 and EU Directive 2018/843 (respectively the fourth and fifth anti-money laundering directives).

In line with the new Grand Ducal Regulation of 14 August 2020 (the "2020 Grand Ducal Regulation") amending the Grand Ducal Regulation of 1 February 2010 and the new CSSF Regulation N°20-05 amending the CSSF Regulation N°12-02 of 14 December 2012 on the fight against money laundering and terrorist financing (more information on these two regulations can be

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