Last update: 19 February 2024

International financial sanctions

Summary

    International financial sanctions i.a. in the context of the fight against terrorist financing, may consist of the prohibition or restriction of certain financial activities/services and the freeze of funds, assets or other economic resources. Persons, entities and groups falling under these prohibitions and restrictive measures are, for example, persons and entities associated with the Al-Qaida network or Taliban or persons cited under the European regulations that are directly applicable and concern the situation in e.g. Belarus, Iran, etc..

    The application of international financial sanctions must be enforced by any Luxembourg natural or legal person, as well as any other natural or legal person operating in or from the Luxembourg territory.

    As regards professionals of the financial sector, the CSSF is the competent authority to monitor the implementation of these restrictive measures. In this respect, the regulations of the European Union which are directly applicable to Luxembourg should be mentioned in the context of, for example, the situation in Belarus, North Korea, Egypt, Iran, Libya, Syria or Tunisia.

    Laws, regulations and directives

    Laws, regulations and directives

    UN decisions and ministerial regulations with respect to the fight against terrorist financing

    UN designations based on Resolutions 1267 (1999), 1989 (2011), 2253 (2015) and 2610 (2021) UN Security Council Committee designations pursuant to resolutions 1267 (1999) 1989 (2011) and 2253 (2015) concerning ISIL (Da'esh) Al-Qaida and associated individuals groups undertakings and entities for ongoing and multiple criminal terrorist acts

    Resolutions

    • 17 December 2021

      Resolution 2610 (2021)

      The resolution encourages all Member States to submit to the Committee for inclusion on the ISIL (Da’esh) & Al-Qaida Sanctions List names of individuals, groups, undertakings and entities participating by any means, in the financing or support of acts or activities of…
      Prohibition and restrictive measure
      Lien
      Link
    • 17 December 2015

      Resolution 2253 (2015)

      Expands the listing criteria to include individuals and entities supporting the Islamic State in Iraq and the Levant (ISIL, also known as Da’esh). Directs the Monitoring Team to submit reports on the global threat posed by ISIL (Da’esh), Al-Qaida, and…
      Prohibition and restrictive measure
      Lien
      Link
    • 17 June 2011

      Resolution 1989 (2011)

      Reaffirms the assets freeze, travel ban and arms embargo affecting all individuals and entities on the Committee’s Al-Qaida Sanctions List. Decides to split the Consolidated List. Extends the mandate of the Analytical Support and Sanctions Monitoring Team for a further…
      Prohibition and restrictive measure
      Lien
      Link
    • 15 October 1999

      Resolution 1267 (1999)

      Establishes Security Council Committee; imposes limited air embargo and financial embargo on the Taliban (paras 4 & 6)
      Prohibition and restrictive measure
      Lien
      Link

    UN designations

    UN designations based on Resolutions 1988 (2011) and 2082 (2012) UN designations pursuant to resolutions 1988 (2011) and 2082 (2012) concerning asset freeze, travel ban, arms embargo on individuals, groups, undertakings and entities associated with the Taliban

    Resolutions

    UN designations

    Texts adopted by the EU with respect to the fight against terrorist financing

    Regulations

    Regulations

    Guidance

    Publications

    Other prohibitions and restrictive financial measures in relation to specific countries

    All corrections or amendments to each regulation can be consulted on EUR-Lex website, directly via the link available on CSSF’s website.

    * Countries where prohibitions and restrictive financial measures include measures relating to the prevention, suppression and disruption of proliferation of weapons of mass destruction and its financing

     

    Belarus

    Burma/Myanmar

    Burundi

    Central African Republic

    Democratic People's Republic of Korea*

    Democratic Republic of Congo

    Guatemala

    Haiti

    Iran*

    Iraq

    Lebanon

    Liberia

    Libya

    Mali

    Nicaragua

    Niger

    Republic of Guinea

    Republic of Guinea-Bissau

    Republic of Moldova

    Somalia

    South Sudan

    Sudan

    Syria

    Tunisia

    Türkiye

    Ukraine/Russia

    Venezuela

    Yemen

    Zimbabwe

    All discontinued circulars can be consulted in the Regulatory framework library.

    Documentation

    Laws, regulations and directives

    Other reference texts

    Forms

    Guidance

    Publications

    Useful links