Luxembourg newsflash: combating money laundering/terrorism financing
Financial institutions acting on the basis of the freedom to provide services (FPS) may be obliged to co-operate with the financial intelligence unit of the host member state according to the Court of Justice of the European Union (CJEU).
In a recent judgment (Case C-212/11 Jyske Bank Gibraltar Ltd), the CJEU ruled that EU law does not preclude host member state legislation from imposing on financial institutions operating in this member state on an FPS basis (without being established there) the obligation to co-operate directly with the host member state authorities on ML/TF matters relating to its operations in such state…
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Briefings from Arendt & Medernach
New set of restrictive measures against the Russian Federation in relation to events in Ukraine entered into force last Friday (12th)
In view of the increasing gravity of the situation in eastern Ukraine, the European Council has reinforced the restrictive measures adopted on 30–31 July 2014.
The Arendter — September 2014: private foundations; MiFID II; cross-border AIF distribution; and more
Discover the second issue of Arendt & Medernach’s magazine The Arendter. This publication will give you a quick overview of key topics related to your daily business.