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Business criminal law


New CSSF Circular 17/650 widens the application of AML/TF legislation to certain primary tax offences

New CSSF Circular 17/650 widens the application of AML/TF legislation to certain primary tax offences
28/02/2017

The Luxembourg law of 23 December 2016 on the 2017 tax reform (the TRL) extends the money laundering predicate offence to aggravated tax fraud (fraude fiscale aggravée) and tax swindling (escroquerie fiscale). More specifically, such law transposes the revised Financial Action Task Force (FATF) standards dating back to 2012/2013 and Directive 2015/849/EC of 20 May 2015 relating to the prevention of the financial system against money laundering and terrorist financing (AML/TF).

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Le blanchiment de fraude fiscale reconnu à Luxembourg

Le blanchiment de fraude fiscale reconnu à Luxembourg
28/07/2016

Le “paquet fiscal” que vient de dévoiler le gouvernement comprend d’abord la création d’une nouvelle infraction fiscale : la fraude fiscale aggravée.

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The strenghthening of Luxembourg criminal procedure

The strenghthening of Luxembourg criminal procedure
20/04/2016

Considering the increase in terrorist attacks, the legislator has decided to strengthen Luxembourg’s criminal procedure by introducing draft law N° 6921 (“Draft Law”), inspired by Belgian and French Law. This strengthening can be summarised as follows.

On the one hand, with regard to offenses relating to terrorism, financing of terrorism and crimes against state security, the Draft Law provides for the following:

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Fourth Anti-Money Laundering Directive And Wire Transfer Regulation

Fourth Anti-Money Laundering Directive And Wire Transfer Regulation
31/07/2015

Having been published on 5 June 2015, the latest anti-money laundering Directive (EU) 2015/849 (“AMLD IV”), which shall be transposed into national law and which shall become applicable on 26 June 2017, foresees a stronger framework for combating money laundering and terrorism financing.

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