The law of 29 July 2022, which entered into force on 12 August 2022, amended the Law of 12 November 2004 on the fight against money laundering and terrorist financing, transposing Directive 2001/97/EC of the European Parliament and of the Council of 4 December 2001 amending Council Directive 91/308/EEC on prevention of the use of the financial system for the purpose of money laundering (the AML Law).
Professionals should therefore review their AML/CTF policies, procedures, and processes to ensure that they duly reflect the latest changes introduced in the AML Act 2004.
Since 2004 Danos Associates has been sourcing the best talent for leading institutions, enabling them to fulfil their governance and regulatory responsibilities. If you are looking to expand your compliance and regulation talent resources in Luxembourg, then please contact our regional hiring expert Isabel Anchebe, who can advise on the current market and your hiring strategy.
Isabel Anchebe | Senior Associate, Compliance