216 results found

The Luxembourg Financial Sector Supervisory Authority has extended the deadline for submission of annual online AML/CFT surveys (previously set to 15 March 2020) to 10 April 2020.

The annual online survey for the year 2020 to collect standardised key information concerning money laundering and terrorist financing ("ML/CFT") risks which professionals under supervision...

The new provisions introduced by Circular 17/650, as amended through Circular 20/744, impact the AML/CFT compliance obligations of the asset management industry.

CSSF Circular 21/788 of 17 December 2021 introduced the obligation for In-scope Entities to prepare, together with their approved statutory auditor acting as external AML/CFT expert...

In the context of the implementation process of AMLD V1, on 8 August 2019, the Luxembourg government introduced a draft Bill of Law...

The Council of the European Union recently updated its list of non-cooperative jurisdictions for tax purposes on 20 February 2024, which saw the removal of the Bahamas, Belize, Seychelles, and the Turks and Caicos Islands.

Elvinger Hoss Prussen triggered a landmark preliminary ruling on 22 November 2022, in which the Court of Justice of the European Union (CJEU) has declared the 5th AML Directive ("5AMLD") ...

The Administration de l'Enregistrement, des Domaines et de la TVA (the "AED"), as AML/CFT supervisory authority notably for non-regulated investment funds, recently updated its website to (i) set out the deadlines.

This alert summarises future obligations to be met, potential penalties in case of non-compliance and how we can assist you.

The Luxembourg Register of Beneficial Ownership's online access has been recently re-established for users having an identified access.

On December 17, 2021, the CSSF issued Circular 21/788 providing guidance on the report dedicated to the AML/CFT mentioned in Article 49 of the CSSF Regulation 12-02 (hereafter the "CSSF AML/CFT external report").

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...

Going forwards, each AIF will be required to submit an annual anti-money laundering/counter-terrorism financing ("AML/CFT") questionnaire ("AIF AML Questionnaire")...

On 21st August 2018, the law on the information to be obtained and held by fiduciary agents implementing part of Article 31 of EU Directive 2015/849 of 20th May 2015 on the prevention of the use of the financial system ...

Im Einklang mit der Richtlinie zur Bekämpfung der Geldwäsche erließ ein luxemburgisches Gesetz von 2019 die Schaffung eines Registers...

In its 2021 report, the EU Commission and the Council undertook a comprehensive analysis of the efficacy and efficiency of the Anti-Money Laundering/Countering the Financing of Terrorism...

The law on the immobilisation of bearer shares (the "Law") entered into force in Luxembourg on August 18th 2014.