Regulatory Alerts2023-10-16
CSSF Circular 23/843: Adoption of EBA Guidelines on Money Laundering and Terrorist Financing Risk Factors
The CSSF issued Circular 23/843 to formally adopt the European Banking Authority's guidelines regarding money laundering and terrorist financing risk factors associated with providing access to financial services. This regulatory update ensures that supervised entities align their internal controls and risk assessment methodologies with the newly established European standards. The circular mandates compliance with these guidelines to enhance the detection and mitigation of financial crime risks within the Luxembourg financial sector.
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