74 results found

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 ...

On 17 July 2020, the Law of 10 July 2020 creating a register of fiducies and trusts ("RFT Law ") entered into force

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 28 July 2021, the Luxembourg Tax Administration ("LTA") published Circular L.G.-A no 67 setting out general guidance on the application of administrative fines in cases of tax fraud,...

On 19 April 2023, the EU Parliament announced the approval of its negotiating mandate for three of the four proposed pillars of the much-anticipated new EU Anti-Money...

2023 was another busy year. Many legal and regulatory changes have impacted your business, and will continue to impact it in 2024. That is why we are pleased to provide you with an overview of this year's...

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")...

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)...

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)...

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...

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?

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.