216 results found

The CSSF published three circulars on 22 December 2021 on new reports and management letters to be completed on the CSSF's eDesk platform by Luxembourg investment fund managers (IFMs),

On 19 December 2024, the Luxembourg Parliament adopted bill of law 7961 (Law), amending the law of 13 January 2019 establishing a register of beneficial owners (RBE Law)...

By the law of December 23, 2016 implementing the tax reform 2017 ("The Act "), the Grand Duchy of Luxembourg has profoundly modified its tax infrastructure.

The enactment on 30 May 2018 of EU Directive 2018/843 on the prevention of the use of the financial system for the purposes of money laundering ...

This newsflash highlights the features of the new Circular CSSF 23/845 that is relevant for credit institutions incorporated under Luxembourg law,1 including their branches...

The Law of 25 March 2020 (the "AML 5 Law ") transposing certain provisions of Directive (EU) 2018/843 ("AMLD 5") entered into force on 30 March 2020. The AML 5 Law expands the reach of...

Draft Bill No. 8669 introduces greater flexibility for incorporating Luxembourg private limited liability companies.

The new Anti-Money Laundering (AML) Regulation 2024/1624 (AMLR) adopted in May 2024 introduced a harmonised framework, particularly in relation to customer due diligence requirements...

On 22 November 2022 the Grand Chamber of the Court of Justice of the European Union (CJEU) delivered its judgment in Joined Cases C-37/20 Luxembourg Business Registers and C-601/20 Sovim (the Judgment).

The Luxembourg Law of 13 February 2018, which entered into force on 18 February 2018, introduces amendments to, among others, the Luxembourg Law of 12 November 2004 on the fight against money laundering and...

In its judgment of 22 November 20221 (the "Judgment"), the Court of Justice of the European Union ("CJEU") ruled that the public access to the Luxembourg register of beneficial owners...

The European Commission has issued a new regulation to amend Delegated Regulation (EU) 2016/1675 by adding the Democratic Republic of the Congo, Gibraltar, Mozambique ...

On 19 January 2024, the Commission de Surveillance du Secteur Financier (CSSF) published a new Circular No. 24/850 (Circular 24/850)...

Money laundering now applies to all predicate offences. This then raises the question: what are the implications of this change to Luxembourg's Criminal Code?

In Circular 20/740 of 10 April 2020, the Commission de Surveillance du Secteur Financier (the "CSSF") describes the money laundering and terrorism financing ("ML/TF")...

The Anti-Money Laundering Regulation introduces significant changes to Customer Due Diligence requirements, expanding trigger events and deepening information obligations. Organizations must understand these new compliance measures, including lower transaction thresholds, enhanced sanctions screening, and stricter reporting requirements before the July 2027 implementation deadline.

The Anti-Money Laundering Regulation introduces sweeping changes to EU financial compliance, establishing a EUR 10,000 cap on cash transactions, prohibiting anonymous financial instruments, and mandating the conversion of bearer shares. These measures fundamentally reshape how businesses handle large payments and corporate ownership structures, with strict deadlines and automatic penalties for non-compliance.