The CSSF reviews the risks related to money laundering and terrorist financing to which payment agents and electronic money distributors are exposed and communicates its recommendations in this regard
Luxembourg’s national risk assessment of money laundering and terrorist financing (NRA), published in December 2020, concluded that payment and e-money services carry a moderate level of residual risk.
The CSSF publishes a document containing practical recommendations in order to comply with all professional obligations in the area of AML/CFT.
This document is intended not only for payment agents and electronic money distributors established in Luxembourg, but also for their payment institutions and electronic money institutions established in another Member State as well as to payment institutions and electronic money institutions authorized and supervised by the CSSF and which provide their services in other Member States via payment agents and electronic money distributors.
20 December 2022
Payment Agents/e-money distributors – Guidance for the prevention of money laundering and terrorism financingSupervisory disclosure document