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Luxembourg (CSSF) · Luxembourg CSSF

CSSF Circular 24/847 AML/CFT Risk Assessment for Investment Fund Managers

CircularIn Force
View official source
Issuing authority
CSSF
Effective date
In force since 2024
Scope
Fund managers / AIFMs / UCITS

Key requirements

Sector-specific CSSF guidance for Luxembourg's huge fund industry (€7.4 trillion in assets under management). Tells fund managers and fund administrators how to do AML/CFT risk assessment for fund structures: investor due diligence, handling distributors and introducers, ongoing monitoring of fund-specific risks. Essential reading for anyone in Luxembourg fund services.

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