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AML Compliance

Since the Law of July 7, 1989 serves as Luxembourg's primary anti-money laundering and terrorist financing law, a long course enabled an increased focus on stringent compliance demands, regulations and intense scrutiny around governance issues.

The revised recommendations of the Financial Action Task Force (FATF) in February 2012 to tackle money laundering and terrorism financing, the subsequent decision of the European Commission to introduce the Fourth European Money Laundering, the recent amendments of the AML/CFT regime as well as the adoption of several Regulations in Luxembourg, including the CSSF Regulation N°12/02, are fine proofs of both the topicality and the sensitive nature of this subject.

In response to the growing needs of our clients in facing increasingly risk management and complex compliance challenges from regulators, with the associated risks when things go wrong, Bonn Steichen & Partners’ regulatory and compliance specialists can advise. Our assistance is based not on abstract notions but on practical experience and understanding of clients' businesses. We strive to balance our legal advice with pragmatism, efficiency and an appreciation of relevant regulatory structures as well as clients’ business environment and constraints.

On behalf of businesses, regulators and individuals, we cover the full spectrum of risk management and corporate compliance issues that the regulatory environment generates:

  • Preparation and implementation of internal procedures;
  • Advice on the interpretation and effect of Luxembourg and European anti-money laundering legislation, regulations and guidance;
  • Setting-up of compliance planning and advice for new and existing transaction structures;
  • Advice on strategic regulatory structuring;
  • Assistance within local and international regulatory investigations and judicial enquiries;
  • Advice and review of Know-your Client procedures;
  • Corporate governance advice;
  • In-Court and out-of-Court representation;
  • Data protection;
  • Conflicts of interest.

At Bonn Steichen & Partners (BSP), we do not only possess technical expertise and experience. Indeed, we harness, preserve and share the collective experience and skills of our lawyers to update our clients with the latest legal and regulatory developments, enabling them to remain at the forefront of best practices. We are experienced in designing, preparing and delivering client training through seminars, workshops and breakfast briefings (both internally and at client facilities). Our training sessions are known for not being standard but concrete and tuned ones, with a strong focus on interaction.