All publicly available information needed to perform our risk assessment according to the AML/CTF Law. 1.3.3. Legal basis The processing of your personal data is based on that we are under the legal obligation to process your personal data according the AML/CTF Law. 1.3.4. Retention Period ...
🔒Compliance: AML/CTF obligations remain central, requiring clear responsibility allocation to avoid blind spots.Helena Finn (A&O Shearman) ⚙️Operational resilience: DORA is driving improvements in risk management across financial markets.Raphaël Machet (BNP Paribas) 📈Investment vehicles: The ...
Additional resources Download our publications: EY's Geostrategic Outlook 2024 EY's Geostrategic Outlook 2023 Impact of Digital Technologies on Asset Servicers Contact us Like what you’ve seen? Get in touch to learn more.
Luxembourg has implemented applicable EU and international rules and standards regarding Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF). Against the heightened risk associated with financial transactions globally, increased regulatory watch has resulted in severe penalties, including hefty ...
🔒Compliance: AML/CTF obligations remain central, requiring clear responsibility allocation to avoid blind spots.Helena Finn (A&O Shearman) ⚙️Operational resilience: DORA is driving improvements in risk management across financial markets.Raphaël Machet (BNP Paribas) ...
In 2020 virtual asset service providers (VASPs) were designated as being within scope of the anti-money laundering (AML) laws and required to register with the Commission de Surveillance du Secteur Financier ( CSSF). The Luxembourg regulator has previously indicated that it adopts a techology-neut...
Luxembourg entities must further comply with Luxembourg laws, regulations and CSSF circulars regarding anti-money laundering (AML) and counter-terrorist financing (CTF), in particular, the law of 12 November 2004 relating to the fight against money laundering and the financing of terrorism, as...
various CSSF questionnaires (relating to the proposed investment policy, KYC information, AML market entry form, etc.); and business plan and structure chart. 1.3 What are the consequences for failing to register a fund that is required to be registered in your jurisdiction?
Findings – The proposed assessment model has a matrix structure that facilitates the incorporation of checklists and narratives to ensure effective testing of controls and its structure allows targeting specific areas of risk in the identified KYC/AML processes. Research limitations/implications – The ...
Impact of Digital Technologies on Asset Servicers The team Papa Saliou DIOP EY Luxembourg Banking & Capital Markets Partner, Securitization Leader We all have been given a gift from life. The aim is to share it with others. Luxembourg, LUX ...