The Commission de Surveillance du Secteur Financier published a report following a thematic review of the use of artificial intelligence and machine learning in the financial sector based on a survey sent to 148 supervised institutions.
The Luxembourg Finance Ministry issued a general authorization concerning restrictive measures relating to Russia’s invasion of Ukraine.
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The Commission de Surveillance du Secteur Financier imposed a €1,560,000 administrative penalty on the Luxembourg-based bank after a September 2019 inspection uncovered weaknesses in its anti-money laundering and counterterrorist financing framework.
The Commission de Surveillance du Secteur Financier issued 11 fines totaling €87,500 and one reprimand against Luxembourg-based financial institutions for failing to submit required online questionnaires concerning anti-money laundering and counterterrorist financing controls for 2021.
|Compliant : 1||High :|
|Largely Compliant : 9||Substantial :|
|Partially Compliant : 30||Moderate :|
|Non-Compliant : 9||Low :|
|Rank : 92/141|
|Score : 4.74/10|
|Rank : 9/179|
|Score : 80/100|
|Rank : 6/133|
|Score : 55/100|