VASPs

  • Luxembourg Sanctions Risk Assessment: Screening Gaps the CSSF Flagged

    The Luxembourg sanctions risk assessment that the CSSF drew to supervised firms’ attention in a communiqué of 24 September 2026 is the country’s first vertical risk assessment (VRA) of targeted financial sanctions (TFS) linked to terrorist financing (TF) and proliferation financing (PF). The Ministry of Finance led the exercise and released the report, titled “PF…

  • AML Reporting in Luxembourg: STRs, GoAML, and Your Obligations

    Introduction AML reporting in Luxembourg is mandatory for every regulated financial institution and obliged entity – failure to file suspicious transaction reports exposes your firm to regulatory sanctions, reputational damage, and legal liability. For compliance officers, risk managers, and AML practitioners in Luxembourg’s financial sector, understanding when and how to file Suspicious Transaction Reports (STRs)…