What is on the Board’s agenda?
Financial crime risk (12) and fraud risk (20) are not among the top 10 issues receiving attention from the board.
Employee-related risks (26), such as fatigue and well-being, are also not a top topic.
CSSF FAQ on AML/CFT asset due diligence obligations in accordance with CSSF Regulation No 12-02
This update is of interest to professionals within the scope of CSSF Regulation No 12-02 of 14 December 2012 on the fight against money laundering and terrorist financing, as amended (“CSSF Regulation 12-02”).
It refers to questions & answers in relation to the implementation of Article 34(2) of CSSF Regulation 12-02.
The FAQ can be consulted on the
CSSF website.
Watch the video if you are interested in a short summary of the publicly available FAQ.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
CSSF FAQ on the AML/CFT Summary Report RC (SRRC) on compliance with AML/CFT obligations in accordance with Circular CSSF 24/854
The FAQ can be consulted on the
CSSF website.
At the time of this article being written, version 3 of the CSSF FAQ is available.
Watch the video if you are interested in a short summary of the publicly available FAQ.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
The Financial Conduct Authority (FCA) recently urged financial firms to ensure that parliamentarians, senior public servants, and their families are not unfairly treated. Here’s what you need to know.
Art trafficking is a serious issue. Criminals use art to launder money. They exploit the lack of regulation in the art market. This makes it easy to hide illegal money.
