Luxembourg financial regulator orders foreign branches to report AML setup every year
Circular CSSF 22/827 The Commission de Surveillance du Secteur Financier (CSSF) has ordered that from this year, Luxembourg branches of investment firms and financial institutions headquartered elsewhere in the EU will have to ask their auditors to produce an independent report on measures taken to prevent money laundering and the financing of terrorism.
Circular CSSF 22/827
Re: Update of Circular CSSF 07/325 as amended by Circular CSSF 21/765 on provisions relating to credit institutions and investment
firms of EU origin established in Luxembourg by way of branches or exercising activities in Luxembourg by way of free provision of
services - Luxembourg, 23 December 2022 - https://www.investmentofficer.lu/sites/default/files/2023-01/cssf22_827eng.pdf
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