Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.
We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.
Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.
The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas, including Investment Management, Private Equity, Banking and Corporate Law.
Against a backdrop of constantly evolving restrictive measures in Europe and around the world, a law creating a monitoring committee for restrictive measures in financial matters (the "Law") was published in the Luxembourg official gazette on 22 July 2022.
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Against a backdrop of constantly evolving restrictive measures
in Europe and around the world, a law creating a monitoring
committee for restrictive measures in financial matters (the
"Law") was published in the Luxembourg official gazette
on 22 July 2022.
Not only does the Law establish a committee tasked with
monitoring the implementation of restrictive measures in financial
matters, but it also expands the list of primary offences in the
fight against money laundering and terrorist financing.
As from 24 July 2022, improper implementation of restrictive
measures in financial matters or of enforcement measures and
decisions referred to in the law of 19 December 2020 is viewed as
facilitating the misleading justification of the origin of direct
or indirect income of perpetrators of offences.
Therefore, non-compliance in implementing restrictive financial
measures, enforcement measures or decisions is now a primary
offence which may give rise to money laundering as defined under
Article 506-1 of the Criminal Code.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Fight Against Money Laundering And Terrorist Financing – List Of Primary Offences Extended
LuxembourgGovernment, Public Sector
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About Arendt
Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.
We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.
Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.
The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas, including Investment Management, Private Equity, Banking and Corporate Law.
