Developments in the Luxembourg Financial Sector
January 16, 2020
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Financial Services Quarterly Report
The Luxembourg government and the CSSF recently have taken a number of measures to combat money laundering and terrorist financing. In other developments: the current Luxembourg Brexit laws will be rendered inapplicable by ratification of the agreement for the UK to withdraw from the EU; the CSSF has entered into a partnership with the University of Luxembourg pertaining to the use of digital technologies to review fund documents; the CSSF has published a Circular implementing IOSCO’s principles on liquidity management into Luxembourg regulation; and the second Anti-Tax Avoidance Directive has been implemented into Luxembourg law.
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