On 17 February 2017, Luxembourg's financial regulator
(Commission de Surveillance du Secteur Financier – CSSF)
issued a circular drawn up with the Financial Intelligence Unit in
order to provide:
Practical details regarding the dispositions relating to
primary tax offences and
A list of indicators that might give rise to a professional
obligation to report suspected money laundering.
Following the recent introduction of aggravated tax fraud and
tax swindling into the list of primary money laundering offenses
into the Luxembourg criminal code, the CSSF has highlighted
professional obligations regarding customer due diligence, internal
organization and cooperation with the authorities.
A list of the indicators that might create a professional
obligation to file suspicious activity reports is attached to the
The circular (CSSF 17/650) is only available in French.
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The seminar will take place on 31 March 2017. It aims to provide German companies with an overview of the latest developments in relation to insurance coverage, banking transactions and legal aspects of doing business with Iran.
The employment landscape is one that is constantly shifting. Employers who fail to keep up with the changes do so at their peril.
We are pleased to invite you to this seminar, designed to help in-house counsel and HR practitioners get to grips with key recent and forthcoming developments in employment, pensions and immigration law and practice and what they mean for your workforce.
Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
As the UCITS acronym suggests, its original focus was on investment in "transferable securities" although UCITS do offer far wider investment possibilities, as explained below.
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