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ARTICLE · 20 JULY 2023

Anti-Money Laundering Comparative Guide – Legal And Enforcement Framework

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The main source for AML in Luxembourg is the Luxembourg law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended which sets out who is subject to AML regulations and details the applicable professional obligations.

LuxembourgGovernment, Public Sector
Adrien Pierre
Adrien Pierre
Vanesa Gomez Pena
Vanesa Gomez Pena

1. Legal and enforcement framework

1.1. Which legislative and regulatory provisions constitute the anti-money laundering, counter-terrorist financing and general financial crime prevention (collectively, 'AML') regime in your jurisdiction, from a regulatory (preventive/sanctions) and enforcement (civil/criminal penalties) perspective? Are there any legislative and regulatory requirements that apply below the national level (ie, at a state or regional level)?

The main source for AML in Luxembourg is the Luxembourg law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended (the AML Law) which sets out who is subject to AML regulations and details the applicable professional obligations.

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