Latest Newsletters & Newsflashes
Jul 06, 2020Establishment of a Register of Fiduciary Arrangements and Trusts in Luxembourg
The draft Luxembourg law 7216B, already referred to in our February 2018 newsletter, was voted by a first parliamentary vote on 1 July 2020 and finally adopted by dispensation from the second constitutional vote granted by the Council of State on 10 July 2020 (the “ Fiduciary Arrangement Law”). The
Jul 04, 2019CSSF Circular 19/722 – Declarations of FATF
On July 1 , 2019 the CSSF published Circular 19/722 relating to recent declarations of the Financial Action Task Force (“ FATF”). Jurisdictions with substantial and strategic deficiencies FATF maintained its position that the Democratic People's Republic of Korea (DPRK) is a jurisdiction whose anti
Feb 05, 2019Register of Beneficial Owners | Law of 13 January 2019
Pursuant to and in compliance with the AML 4 th Directive amended by the AML 5 th Directive, Luxembourg parliament enacted the law of 13 January 2019, setting-up a register of beneficial owners (“ BOs”) (“ RBO Law”). The RBO Law creates a register of BOs (“ RBE”), which aims to preserve and make
Jan 31, 2019BSP Newsletter | February 2019
This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Luxembourg Law setting up a Register of
Jan 07, 2019Luxembourg Law setting up a Register of Beneficial Owners
Article 30 of the Directive (EU) 2015/849 of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “ AML 4 th Directive”), which requires corporate and other legal entities incorporated within an EU Member State to obtain
Jul 12, 2018BSP Newsletter | July 2018
This newsletter is intended as a general discussion of the following topics: AML, Banking & Finance, Capital Markets, Dispute Resolution, Employment, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML European
Apr 25, 2018BSP Newsletter | April 2018
This newsletter is intended as a general discussion of the following topics: Banking & Finance, Capital Markets, Corporate, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Implementation of the 4 th Anti
Apr 24, 2018CSSF announces AML/CTF Surveys
On April 20 th 2018, the CSSF published a press release stating that they will be conducting an annual online survey of entities subject to its supervision and subject to the law of 12 November 2004 on the fight against money laundering and terrorist financing, as amended. This survey, which will
Apr 23, 2018European Parliament Adopts 5th AML Directive
On April 19 th 2018, the European Parliament announced it had adopted the new directive which will amend the 4 th AML Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorism financing. This new directive ( the 5 th AML Directive) is part of
Feb 19, 2018Implementation of the 4th Anti-Money Laundering Directive
The law of February 13 th 2018 (“ AMLD Law”) which entered into force on February 18 th 2018 has now implemented most of the outstanding provisions of the 4 th Anti-Money Laundering Directive (“ 4th AML Directive”) into Luxembourg Law. This law introduces amendments to the Luxembourg Law of November
Feb 08, 2018BSP Newsletter | February 2018
This newsletter is intended as a general discussion of the following topics: Banking & Finance, Capital Markets, Corporate, Investment Funds and Tax. If you would like to know more about the topics covered in this newsletter or our services please contact us. AML Beneficial Ownership Registers |
Dec 11, 2017Beneficial Ownership Registers | Update
The Luxembourg Parliament published two new draft laws (No. 7216 and No. 7217) on December 6 th 2017, in order to implement provisions of Directive EU 2015/849 on the prevention and use of the financial system for the purposes of money laundering and terrorist financing (the “ 4 th AML Directive”)
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