The Commission de Surveillance du Secteur Financier of Luxembourg published Circular CSSF 20/744, which complements Circular CSSF 17/650 on the application of the anti-money laundering and counterterrorist financing regulation to predicate tax offenses.
Luxembourg’s Commission de Surveillance du Secteur Financier issued a notice concerning the addition of two terrorist groups to its sanctions list following updates made by the United Nations Security Council to the sanctions established under Resolutions 1267 (1999), 1989 (2011) and 2253 (2015).
STRs dropped significantly last year in Luxembourg, Belgium and the Netherlands after authorities began emphasizing quality over quantity of reporting and eliminated certain numerical thresholds for filing.
Banque de Commerce et de Placements fined in Luxembourg for AML lapses, Austria expands investigations into Commerzialbank, and more, in the weekly roundup.
The Commission de Surveillance du Secteur Financier of Luxembourg issued an administrative fine of €170,000 against the Geneva, Switzerland-based bank for violations of the anti-money laundering and counterterrorist financing rules.
Luxembourg’s financial regulator, Commission de Surveillance du Secteur Financier, issued a warning to the Luxembourg City, Luxembourg-based investment fund manager under Article 2-1, paragraph (1) and Article 8-4, paragraphs (1) and (2) of the amended money laundering and terrorist financing law.