CSSF regulation 12–02 on the fight against money laundering and terrorist financing

On 16 January 2013, the Commission de Surveillance du Secteur Financier (CSSF) published the circular letter 13/556 announcing the entry into force of the CSSF regulation no. 12–02 of 14 December 2012 on the fight against money laundering and terrorist financing. In addition, the circular letter repeals and replaces the former circular letter 08/387 on the fight against money laundering and terrorist financing and prevention of the use of the financial sector for the purpose of money laundering and terrorist financing, as well as the former circular letter 10/476 on the fight against money laundering and terrorist financing, which has abrogated and amended certain provisions of the circular letter 08/387.

The purpose of the present section is to provide a broad overview of the Regulation’s context of adoption as well as of the main changes that it introduces into Luxembourg law in relation to the provisions of the repealed Circular Letter 08/387. 

In this context, it should be noted that the Regulation considerably enhances the level of detail with which the internal procedures of the concerned professionals are regulated (i. a. in relation to internal reporting requirements, record keeping and the role of the person responsible for the fight against money laundering and terrorist financing), entailing that the internal set-up and organisation of the relevant professionals will have to be adapted accordingly…

If you are registered and logged in to the site, click on the link below to read the rest of the Arendt & Medernach briefing. If not, please register or sign in with your details below.


Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.


41A, avenue J.F. Kennedy

Turnover (€m): 99.00
Jurisdiction: Luxembourg