CSSF’s Outsourcing Circular aligns with DORA, repeals rules to boost risk management, governance, and cyber risk oversight, while ensuring strong AML compliance in outsourced functions

The CSSF simplifies the regulatory landscape and ensures financial institutions adopt a more robust, EU-consistent approach to third-party risk, ICT outsourcing, and cloud services. This reflects the growing complexity of outsourced services and the need for enhanced resilience…