In the context of the implementation process of AMLD
V1, on 8 August 2019, the Luxembourg government
introduced a draft Bill of Law,sup>2 ("Bill of
Law"), which notably amends the Law of 12 November
2004 on the fight against money laundering and terrorist financing,
as amended ("AML Law").
Under the current version of the Bill of Law, major amendments
to the AML Law will include, amongst others:
- extension of the scope of the AML Law
to additional professionals, such as virtual assets service
providers and, where the value of the transaction or a series of
linked transactions amounts to EUR 10,000 or more, persons involved
in the trading, intermediation and storing of works of art;
