28 February 2014
Press release

Situation in Ukraine

Press release 14/15

In the context of the current events in Ukraine and following the conclusions of the extraordinary Council “Foreign Affairs” on Ukraine dated 20 February 2014 which decided to introduce sanctions including an assets freeze against  those responsible for human rights violations, the CSSF reminds the supervised entities that they are required to pay particular attention to any activity which they regard as particularly likely to be related to money laundering or terrorist financing, to continuously apply enhanced due diligence measures to politically exposed persons as defined in the law of 12 November 2004 on the fight against money laundering and terrorist financing and to forthwith inform the Financial Intelligence Unit (the “FIU”) of any suspicious withdrawal or transfer requests.