ARTICLE · 05 JUNE 2023

AED's Updated AML/CFT Guide On Obligations For RAIF

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Luxembourg's Registration Duties, Estates and VAT Authority has issued an updated version of its Guide on professional obligations with regard to the fight against money laundering and terrorist financing for reserved alternative investment funds.

LuxembourgGovernment, Public Sector

Anne-Gaelle Delabye

Philippe Burgener

Arthur Mendegris

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Luxembourg's Registration Duties, Estates and VAT Authority has issued an updated version of its Guide on professional obligations with regard to the fight against money laundering and terrorist financing for reserved alternative investment funds.

Key highlights

The Guide clarifies the Registration, Duties, Estates and VAT Authority's (Administration de l'Enregistrement, des Domaines et de la TVA - the AED) expectations on the checks to be performed by a reserved alternative investment fund (RAIF) in the context of international financial sanctions (IFS) lists
The Guide clarifies the AED's expectations on the initial and ongoing due diligence process undertaken by a RAIF

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