On 4 August 2026, Luxembourg published the Law of 22 July 2026 in Mémorial A No 412. It is a short instrument, two substantive articles, and it adds a power the Luxembourg AML law had not carried before: it lets the Cellule de renseignement financier (CRF), the country’s financial intelligence unit, push fraud-risk account numbers…
A relationship manager flags a client as awkward. The country profile is messy, the ownership chain runs through two jurisdictions, and the file would take real work to keep current. The easy answer is to exit. Close the account, decline the onboarding, and the risk number on the dashboard goes down. The CSSF communique of…
A CSSF AML/CFT sanction rarely turns on an exotic typology. It turns on the housekeeping. The administrative fine the CSSF imposed on 5 March 2026, and published on a nominative basis on 9 June 2026, is a clean example. A Luxembourg specialised professional of the financial sector running a domiciliation business was fined EUR 56,000…