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ARTICLE · 02 MARCH 2022

CSSF AML/CFT External Report Circular 21/788

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On December 17, 2021, the CSSF issued Circular 21/788 providing guidance on the report dedicated to the AML/CFT mentioned in Article 49 of the CSSF Regulation 12-02 (hereafter the "CSSF AML/CFT external report").

LuxembourgFinance and Banking
Natalia Hernandez
Natalia Hernandez
Georgia Milne Aboitiz
Georgia Milne Aboitiz
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On December 17, 2021, the CSSF issued Circular 21/788 providing guidance on the report dedicated to the AML/CFT mentioned in Article 49 of the CSSF Regulation 12-02 (hereafter the "CSSF AML/CFT external report").

For the financial years ending on or after 31st of December 2021, Luxembourg investment funds that have not appointed an investment fund manager, and Luxembourg investment fund managers, including registered alternative investment fund managers ("Managers") shall draw up a CSSF AML/CFT external report in accordance with the Circular 21/788.

Pursuant to the Circular 21/788 an approved statutory auditor (réviseur d'entreprises agréé) ("Auditor") shall draw up the CSSF AML/CFT external report. In case they are required to appoint an Auditor to audit their accounts, this same Auditor shall prepare the CSSF AML/CFT external report.

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