Regulatory Alerts2020-07-03
Circular CSSF 20/744 — Complement to Circular CSSF 17/650 on predicate tax offences
The Commission de Surveillance du Secteur Financier issued Circular CSSF 20/744 to complement Circular CSSF 17/650 regarding the application of the AML/CFT Law to predicate tax offences. This document updates the regulatory framework by clarifying how tax offences are treated as predicate offences for money laundering and terrorist financing under Luxembourg law. It serves as an official amendment to the previous circular to ensure consistent compliance standards for regulated entities.
Share