WebOn 13 January 2024 the Luxembourg parliament adopted a new law relating to the register of beneficial owners (hereafter the “Law”). It is a part of the implementation of the recent EU legislation on the anti-money laundering (so-called 4th and 5th anti-money laundering directive). ... published on August 23 CSSF Circular 18/697 on ... WebCSSF Circular 19/732 sheds light on the identification of the ultimate beneficial owners in different structure types. In particular, for trust structures, it clarifies that all parties to a trust which has an ownership …
New reporting and audit requirements for investment fund …
WebJul 24, 2024 · The CSSF Circular 20/747 provides some clarity to the professionals of the financial industry on the new requirements to actively participate in the establishment of a central electronic data retrieval system concerning IBAN accounts and safe-deposit boxes. It is addressed to all entities providing IBAN accounts and/or safe-deposit boxes to ... WebApr 12, 2024 · Context. On 22 December 2024, the Commission de Surveillance du Secteur Financier (CSSF) published Circular 21/790 (“the Circular”) that introduced new regulatory reporting obligations for Undertakings for Collective Investments (UCIs). The Circular aimed to: Enlarge the scope of regulated entities that are under CSSF supervision; how many filibertos are there
Luxembourg CSSF guidance on the AML/CFT implications of COVID-19
Webidentification of Ultimate Beneficial Owner(s) 6 January 2024. Context and objectives . … WebMar 26, 2024 · Background. With circular 18/698 of 23 August 2024 on (i) the authorisation and organisation of Luxembourg investment fund managers, and (ii) provisions on combatting money laundering and terrorist financing applicable to investment fund managers and entities carrying out the function of registrar agent (the Circular), the … WebOn 20 December 2024, Commission de Surveillance du Secteur Financier (CSSF) published . Circular CSSF 19/732relating to clarifications on the identification and verification of the identity of ultimate beneficial owner(s) (UBOs).The Circular aims to provide . guidance to all professionals subject to the AML/CFT supervision of the CSSF on the how many files does 1 terabyte hold