Regulatory Alerts2022-10-27
Added · Updated
CSSF Circular 22/822 on FATF High-Risk Jurisdictions and Increased Monitoring
This circular updates the list of jurisdictions classified by the Financial Action Task Force as high-risk or under increased monitoring, requiring supervised persons and entities to consult the annex published on the CSSF website. For high-risk jurisdictions, enhanced due diligence and, where appropriate, counter-measures are imposed to address strategic deficiencies in anti-money laundering and terrorist financing regimes. Jurisdictions under increased monitoring do not require enhanced due diligence but must be considered in risk analysis as they work to resolve identified deficiencies within agreed timeframes. The document repeals Circular CSSF 22/815 of 22 June 2022.
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