On 17 March 2020, the CSSF (Commission de Surveillance du Secteur Financier – Luxembourg’s Financial Sector Supervisory Authority) published a circular letter relating to the 2019 survey (the ”Survey”) related to the fight against money laundering and terrorist financing.

The CSSF has granted an extension of 4 additional weeks to professionals under the AML/CFT supervision of the CSSFto complete the Survey on the new eDesk platform due to the COVID-19 pandemic.

The investments firms, investment fund managers including registered AIFMs, specialized professionals of the financial sector  shall submit the Survey by close of business on 10 April 2020.

The CSSF has drawn the attention of the professionals that any failure to submit the Survey within the newly extended deadline will be considered as a breach of the Luxembourg Law of 12 November 2004 on the fight against money laundering and terrorist financing as amended (the ”AML Law”) and hence  can lead to administrative sanctions provided for in article 8-4 of the AML Law.

If you have any questions please do not hesitate to contact us, or visit the website of AKD's Corona Taskforce.