Regulatory Alerts2025-08-18
Circular CSSF 25/896: Adoption of EBA Guidelines on Internal Policies for Sanctions Compliance
The CSSF has adopted the European Banking Authority's guidelines to standardize internal policies, procedures, and controls for implementing Union and national restrictive measures. These requirements mandate that credit institutions, financial institutions, payment service providers, and crypto-asset service providers establish robust governance, conduct regular exposure assessments, and implement effective screening systems to prevent sanctions circumvention. The guidelines become applicable on 30 December 2025, requiring institutions to freeze assets and report matches immediately while ensuring proportionate compliance frameworks.
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