Regulatory Alerts2019-12-20
Circular CSSF 19/732 as amended by Circular CSSF 24/861: Clarifications on Identification and Verification of Ultimate Beneficial Owners
The Commission de Surveillance du Secteur Financier issued Circular CSSF 19/732, as amended by Circular CSSF 24/861, to provide specific clarifications on identifying and verifying the identity of ultimate beneficial owners. This regulatory update mandates that regulated entities adhere to enhanced due diligence procedures to prevent money laundering and terrorist financing. The amendments ensure consistent application of identification standards across financial sector participants in Luxembourg.
Published on 20 December 2019
Updated on 5 September 2024
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CSSF circular
Prevention of Money Laundering and Terrorist Financing: Clarifications on the Identification and Verification of the Identity of the Ultimate Beneficial Owner(s)
PDF (708.09Kb)
PDF (695.16Kb)
Related documents
5 September 2024
Circular CSSF 24/861
amending Circular CSSF 19/732 of 20 December 2019 on the Prevention of Money Laundering and Terrorist Financing: clarifications on the Identification and Verification of the Identity of the Ultimate Beneficial Owner(s)
PDF (1.89Mb)
PDF (2.09Mb)