Entry into Force of Laws Amending AML Framework and Establishing Central IBAN Data System

Luxembourg, 4 May 2020
To all the professionals subject to the
AML/CFT supervision of the CSSF and that fall within the scope of the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended CIRCULAR CSSF 20/742 Re: Entry into force

1. of the Law of 25 March 2020 amending, inter alia, the Law of 12 November 2004 on the
   fight against money laundering and terrorist financing, and
2. of the Law of 25 March 2020 establishing a central electronic data retrieval system
   related to IBAN accounts and safe-deposit boxes Ladies and Gentlemen, We draw your attention to the entry into force, on 30 March 2020, of the Law of 25 March 2020 (“Law of 25 March 2020”)1 amending:
   a) the Law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended (hereinafter “2004 Law”); b) the Law of 9 December 1976 on the organisation of the profession of notary, as amended; c) the Law of 4 December 1990 on the organisation of bailiffs (huissiers de justice), as amended; d) the Law of 10 August 1991 on the legal profession, as amended; e) the Law of 10 June 1999 on the organisation of the accounting profession, as amended; f) the Law of 23 July 2016 concerning the audit profession, as amended; in view of the transposition of certain provisions of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU (cf. Section I. below) and, 1 as published in Mémorial A – No 194 of 26 March 2020 Outdated