The Ministry of Justice of Luxembourg published a vertical risk assessment of terrorist financing vulnerabilities in the country.
Luxembourg’s Commission de Surveillance du Secteur Financier published a money laundering and terrorist financing subsector risk assessment covering collective investments.
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The Commission de Surveillance du Secteur Financier of Luxembourg imposed a reprimand on the Luxembourg-based financial institution after an on-site inspection identified anti-money laundering and counterterrorist financing weaknesses.
The Commission de Surveillance du Secteur Financier imposed an administrative fine of €67,600 against the Mendrisio, Switzerland-based investment fund manager for its failure to comply with anti-money laundering and counterterrorist financing requirements.