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ARTICLE · 12 APRIL 2024

CSSF (Luxembourg) Publishes Circular And FAQs On The AML/CFT Summary Report RC

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On the 29 February 2022, the Commission de Surveillance du Secteur Financier ("CSSF"), issued Circular CSSF 24/854 (the "Circular") titled "Guidelines for the collective investment sector...

LuxembourgFinance and Banking
Neil Bezzina
Neil Bezzina
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On the 29 February 2022, the Commission de Surveillance du Secteur Financier ("CSSF"), issued Circular CSSF 24/854 (the "Circular") titled "Guidelines for the collective investment sector on the AML/CFT Summary Report RC ("SRRC") and applicable FAQs on the SRRC.

The Circular provides guidance on the SRRC which is to be prepared by the "Responsable du Contrôle" (the "RC") and submitted to the CSSF by the "Responsable du Respect" (the "RR") in accordance with Article 42(7) of CSSF Regulation No 12-02 of 14 December 2012 on the fight against money laundering and terrorist financing, as amended (the "RCSSF 12-02").

Scope

The Circular provides that the submission of the SRRC in terms of Article 42(7) of RCSSF 12-02 applies to:

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