cssf, supervision

Sanctions at glance

#Sanctions are complex so as consequences of non-compliance with those.

Get your screening performed, checked and assessed. Know Your Asset in order to be able to screen appropriate control structure.

Types of sanctions

Recently updated AML Law 2004 includes now additionally responsibility for the professionals to adhere to sanctions compliance. And should they not – get fined or sanctioned.

Art. 9. #Sanctions
Any person breaching the professional obligations as specified in this grand-ducal regulation shall incur a fine or sanctions in accordance “with Articles 8-4, 8-10 or”64 9 of the Law“, where applicable”

Check Frequently asked questions here and if you doubt – reach out to FUND AML

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