by AdrianaAMLP | Nov 25, 2024
Key highlights from the FAQs include: Clarification of terminology related to digital assets, including definitions of cryptocurrencies, tokens, and distributed ledger technology (DLT); Guidance on applying existing anti-money laundering (AML) and counter-terrorist...
by Jyotsna Bucktowar | Sep 5, 2024
The ‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or any other change that would...
by Jyotsna Bucktowar | Jul 2, 2024
The present document refers to a list of questions & answers in relation to Circular CSSF 24/854 – Guidelines for the collective investment sector on the AML/CFT Summary Report RC (“SRRC”) to be prepared by the “Responsable du Contrôle” (“RC”) and submitted to the...
by Jyotsna Bucktowar | May 7, 2024
A Regulation establishing an EU AML/CFT Authority in the form of a decentralised EU regulatory agency: • A new Regulation on AML/CFT containing directly applicable AML/CFT rules, including a revised EU list of entities subject to AML/CFT rules (known as obliged...
by Jyotsna Bucktowar | May 7, 2024
The FAQs are designed to complement existing guidance, which will continue to take precedence along with the relevant legislation. FAQs will be published on an “as- needed” basis, focusing on areas where new guidance would be beneficial to a substantial audience....
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