216 results found

On 27 September 2023, the Financial Action Task Force ("FATF") released its Mutual Evaluation Report on Luxembourg ("Report"), following its AML/CFT on-site visit in Luxembourg from 2 to 18 November 2022.

On 13 July 2020, the law implementing a central register of beneficial owners of Luxembourg fiduciary arrangements (the "Law") as required under Article 31 of the 4th AML Directive ...

On 7 February 2023, the Commissariat aux Assurances ("CAA") published Circular Letter 23/3 on the harmonised quantitative money laundering and terrorist financing ("ML/TF")...

The European AIF market is one of the fastest growing in the financial sector. Your AKD counsels therefore keep up to date with developments in this dynamic industry.

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.

At a conference on December 3, 2019, Luxembourg's Financial Sector Supervisory Authority has underlined to members of the country's investment fund industry the need for improvement in aspects of controls ...

New guidance has been issued outlining the practical measures which should be taken by professionals to identify beneficial ownership and fulfil anti-money laundering and combating terrorism financing obligations.

On 22 December 2021, the Commission de Surveillance du Secteur Financier ("CSSF") published three new circulars dated 17 December 2021 effectively reforming the Long Form Report

This Central Register Law is part of a legislative package (although the legislator has opted for two separate laws), including the law of 25 March 2020 amending the law of 12 November 2004...

Considerable detail and numerous examples are set out in the Circular in respect of establishing and identifying the UBO of a legal person.

The Luxembourg indirect tax authorities (the "ITA") have published a FAQ in relation to persons involved in AML / CFT for a Luxembourg reserved alternative investment fund ("RAIF")...

The Luxembourg legal framework relating to AML/CTF has been substantially reshaped during 018 with the implementation into Luxembourg law of Directive ...

On 1 November 2023, the Central Bank of Ireland ("Central Bank") published the 48th Edition of its AIFMD Q&A. It includes a new Q&A (ID 1156)...

Further to the general publications by the Financial Sector Supervisory Commission (CSSF) in 2020 and 2021 and two sets of frequently asked questions (FAQs) published by the CSSF at the end of 2021...

There has been an interesting development in the controversial Luxembourgish case of an Icelandic bank (Landsbanki Luxembourg S.A.) in liquidation.

On 13 January 2019 the Luxembourg parliament adopted a new law relating to the register of beneficial owners (hereafter the "Law").

Following the adoption of the EU anti‑money laundering legislative package and the establishment of the new EU Authority for Anti‑Money Laundering and Countering the Financing of Terrorism (AMLA)...