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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.

On December 23, 2020 the Luxembourg legislator has published the Law of 19 December 2020 implementing financial restrictive measures ("Law of 19 December 2020").

On 9 and 15 March 2022, the Council of the European Union (the "Council") adopted new restrictive measures against Russia and Belarus due to the ongoing conflict in Ukraine.

In the aftermath of the obligation to create a register of beneficial owners as enacted by the Law of 23 January 2019 (the RBO Law)

In response to Russia's invasion of Ukraine, the EU has progressively adopted a series of new sanctions and trade restrictions targeted at Russia, Belarus, and the non-government controlled...