216 results found

Luxembourg's Anti-money laundering and Counter-terrorism Financing legal requirements for investment funds are broad in scope and applicable to both regulated and unregulated funds.

An enhanced version of the regulations governing the Register of Beneficial Owner ("RBO") is now available on our website. It comprises the original French version of the Luxembourg Law

Luxembourg's CSSF imposed a €56,000 fine on Stonehage Fleming Luxembourg S.A. for multiple compliance failures, including significant delays in processing sanctions screening alerts and implementing changes to screening lists. At the time of inspection, hundreds of alerts had been treated with substantial delays and 42 alerts remained completely unnoticed by the financial services provider.

Elvinger Hoss Prussen publishes an enhanced version of the regulations governing the RBO, comprising the original French version of the Luxembourg Law of 13 January 2019

On Thursday 23 May 2019, the Luxembourg Supervisory Authority of the Financial Sector (Commission de Surveillance du Secteur Financier or CSSF)

The law of 13 January 2019 has established a register of beneficial owners in Luxembourg, as part of the implementation of some provisions of the Directives 2015/849/EU ("AMLD IV") and 2018/843/EU ("AMLD V").

The new directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing (2016/0208/COD) (the "5th AML Directive" or "Directive")...

Elvinger Hoss Prussen publishes an enhanced version of the regulations governing the RBO, comprising the original French version of the Luxembourg Law of 13 January 2019 ...

The Ministry of Justice has unveiled amlcft.public.lu, a centralised national reference portal on anti-money laundering and counter-terrorist financing, furthering...

The European Union's newly adopted anti-money laundering and counter-terrorist financing package represents a significant evolution in financial crime prevention, introducing a harmonised rulebook that expands the range of entities required to comply with AML/CTF obligations. This comprehensive analysis examines how the Package transforms the regulatory landscape for obliged entities across EU member states, comparing the new requirements against both the previous EU directive framework and existing domesti

Following the political agreements which have been reached earlier this year, the European Parliament has now adopted the last remaining texts of the AML-CTF Package on 24 April 2024.

On 21 June 2021, the CSSF published the FAQ Market Entry Form ("FAQ") regarding the completion of the AML/CFT market entry form ("MEF") via eDesk for UCIs and IFMs.

On March 16th 2015, the Financial Intelligence Unit of Luxembourg issued a new form to file suspicious transaction reports.

On 20 December 2018, the CSSF issued Circular 18/702 ("Circular") relating to new developments regarding the fight against money laundering ...

On 13 December 2024, Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) released a new FAQ addressing Anti-Money Laundering and Countering...

You may remember that back in November 2022, the European Court of Justice rendered a judgment partially invalidating the most recent anti-money laundering directive.

The new directive (Directive (EU) 2018/843) on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing (the "5th AML Directive") ...

The anti-money laundering and counter terrorist financing ("AML-CTF") package is composed of four legislative texts aiming at harmonising and strengthening AML-CTF rules in the European Union.