CSSF 2020 Survey related to the Fight against Money Laundering and Terrorist Financing

On 24 December 2020, the CSSF announced that it will roll-out its annual AML online survey for the year 2020 (the “Survey”) on 15 February 2021.

Similar to last year, the Survey is addressed to management boards or/and the board of directors of (i) credit institutions, (ii) investment firms, (iii) AIFMs (including registered AIFMs), (iv) UCITS management companies, (v) investment funds which did not designate an investment fund manager, (vi) payment institutions and electronic money Institutions, and (vii) specialised professionals of the financial sector incorporated under the Luxembourg law as well as Luxembourg branches of the abovementioned entities having their registered office in an EU country or a third country. The Survey remains generally unchanged compared to last year, with the addition of a few more questions.

Answers to the survey questions will have to be submitted through the CSSF eDesk portal by 15 March 2021.

The Survey must be initiated and submitted within the CSSF eDesk portal by:

i. the compliance officer in charge of the control of compliance with the professional obligations (“responsable du contrôle du respect des obligations professionnelles” (the “RC”)); or ii. the person responsible for compliance with the professional obligations (“responsable du respect des obligations professionnelles” (the “RR”)); or iii. another employee of the entity or third party of the supervised professional (taking into account that the ultimate responsibility for the adequate completion of the survey shall remain with the RC or RR).

For further details reference is made to the “Authentication and user account management” user guide in the dedicated section of the CSSF eDesk portal homepage.