AMLR – What Changes for Luxembourg Firms Under the New EU AML Regulation
Your compliance team has spent years building its AML framework around the Luxembourg Law of 12 November 2004, as amended, which transposes the EU Anti-Money Laundering Directives. That framework is about to be replaced. Not amended. Replaced. The AMLR (Regulation (EU) 2024/1624), published on 19 June 2024, is a directly applicable EU regulation that will…